Los Angeles, California, USA. Sorry for not being clear. I suppose I should worry about CA state income tax also.
I quit my full-time job earlier this year. I trade during the mornings with the intention of being a trader. But, in the evenings, I work as an...
Well, I figured out what my edge was. It was just that I had a personality problem where I'd be so anxious to make money back after a loss that...
3 of the past 4 weeks have been profitable for me. One week, I had some kind of mental fart and screwed it up, but I've returned to normal....
Thanks for your response. To answer your question: I generally only enter spots where I think I can escape with small losses. Some may call...
Well, I trade DNA and FTO on the NYSE. I'm net positive on both stocks historically, but today, for example, when DNA tanked almost 4 points, I...
I've been following SteveTvardek's advice on the NYSE. I started trading lower volume stocks and I had my second week of profit. Feels good, but...
If you have any NYSE stocks you can recommend, I will be willing to look at them for the academic exercise. Another question: Are you STRICTLY...
Seth, I have a very good commissions structure. It's definitely geared towards scalping.
Cheese, First, I already take money from the market. I just don't take money from the broker. That will take some work. Second, lick my...
This sounds like a reasonable metric. Thanks for your advice. I know this depends on the stock, but how many setups do you think there are per...
So, here's my dilemma: I trade only 100 shares at a time on the NYSE. I'm trying to build up some consistency, but I'm still a losing trader...
(+$53,+$36.2,+$24.82) Good day. Removed HAL from the basket, added FTO. Started feeling the commissions based churn towards mid-day, so I...
(+$46.14,+$9.74,-$17.23) I made a good bit in the morning, but pissed it all away in the afternoon. I'm an idiot. In addition to DNA, I...
Thanks for the reply Steve. I do use the tape. Probably just not as effectively as you. :) How about some tips to look for with regard to...
So what are your techniques for keeping losses small? I mean, you don't have to reveal everything, but what are you looking for? Multiple levels...
One more thing: the 10 second lag in the NYOB seems to be a problem also. By the time I see an 8000 pop into the book, it's like every trader...
The key to trading is to keep losses small. I've ingrained this in my head, but in practice, there are situations where I can't keep those losses...
(-$44, -$79.70,$-107.44) ... Wow. -$107. I lost $70 on VLO in 5 minutes. I tried to get out, but got over filled, then ate more losses. I...
I've been trading for three months now. I only trade the NYSE. I only trade 100 shares at a time. At first, I was losing against the market,...
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