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mrnate22
 

Registered: Nov 2007
Posts: 194

 

08-15-12 09:09 PM

My purpose for writing in this forum is to help people strive for their best in day-trading. I'm accountable for all the trades I will post here so if you guys have any questions, feel free to write back.

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mrnate22
 

Registered: Nov 2007
Posts: 194

 

08-16-12 05:28 PM

Real Time Update:

12:30 est.

I'm sorry.. I didn't know it would be difficult to post trades real time as I needed to focus on my entries and stops. I'll try if I can but I can't promise anything.

Like I said yesterday, the bulls held their ground and indeed followed through today. This was the time to have bought some stocks.

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mrnate22
 

Registered: Nov 2007
Posts: 194

 

08-17-12 03:20 AM

Remember when I said the market will either break up or break down?

The market chose to break to upside which confirms to me now that we are definitely bullish. However, we just had a big up day today so don't start chasing.

In my previous post, I kept saying how I've been waiting for that upside to come and it came today so I'm not expecting too much for tomorrow. Most likely, it will just digest the move and maybe even pull back.

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mrnate22
 

Registered: Nov 2007
Posts: 194

 

08-17-12 03:46 PM

Real Time Update:

Entry - I bought ANF at 35.85

Stop - 35.96

The market looks horrific right now. Like I said, we'd probably pull back today and that's what is happening. The only reason why I bought ANF is because it had a good setup.. Otherwise, today is not a good day to be buying stocks.

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mrnate22
 

Registered: Nov 2007
Posts: 194

 

08-17-12 04:43 PM

I got stopped out of ANF at 36.11 = +.26

+.26 isn't much and it's because today is just not a good day to buy. I'm basically done for the day. Market doesn't look that great and it's better to sit and live to play another day..

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mrnate22
 

Registered: Nov 2007
Posts: 194

 

08-18-12 03:00 AM

The most important question traders want to know is can I make a living trading the stock market?

The honest answer is most likely No.. Trading is the hardest business I have ever encountered.. I can't even begin to tell you how hard it is.. If there's anyone who tells you otherwise then he is lying..

But I will commit 100% of my time and work tirelessly to be successful you ask!

Well, even that's not enough.. Not only do you need to study your butt off, you also need to be mentally prepared which is even harder than the charts itself.. it means u take risks, u dont get greedy, you are patient, you are discipline to not break your rules..

Ok.. if I study the strategies like crazy and prepare mentally, can I be successful now?

Nope.. there's one more thing you need to do and I believe this is the most important.. You need to find a Mentor who will guide you and who will sincerely help you be successful.. This is not easy to find but I'm telling you that a mentor is a must..

Then and only then, you might have a shot of making it in this shark infested business..

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