Bart, there is no mentor. This office sucks. After loosing $130 in April, owner dared to tell me that he will talk to everyone regarding paying losses. $130 monthly loss for a God sake. I am losing less and less. Owner himself made his first net +$20 after 7 months. I have been trading only 3. His buddy lost $207 in one day trading FAS with 100 shares. i knew this was coming as he and a couple other played this stock and I saw another day his position $50 under water and him not cutting the loss. I knew this was a matter of time before there will be a big hit. Generally what i think is this office is almost finished. If they cannot absorb $130 loss from a trade per month how traders going to move to more than 100 shares? The thing is we are not being paid. And I paid them $1050 in the beginning. I lost some money but going to trade it back as my trading size increased but if I am constantly under pressure to pay back loss it is not going to happen. If this shit continues I will take whatever I need to reach higher level and just start looking for another Title office that makes money and where I certainly can move up. The mentor looks like experienced guy and I saw his 100 shares results as not bad. But he still trades 100 shares. So, no money coming from him yet.
Although I would like and will stay at this office but I need to be sure that I can develop there as a trader and that it is a place that will run for long term. I am not the kind of guy who like to jump around.
You need to pick a better stocks to trade just look here http://forum.smartapple.biz/viewtopic.php?f=8&t=32 these guys do homework every day and they are making money and living off trading. you can use google translate to read whole forum. http://translate.google.com/transla...tapple.biz/viewtopic.php?f=8&t=32&sl=ru&tl=en Its a surprise that newbie traders in US dont post their trades for critique and sharing of info.. they just post a blotter at best.
you gotta trade with 1 share, not 100, why you want to loose money like that? Post charts of the trade with entry/exit points every day , have a excel spreadsheet with daily stats, etc.
Exactly, I asked owner if I can tarde 10 sahres, I notice sometimes they do fill me partly. but he says no. It would be the most logical thing to save money and trade 10 shares. But it is not me who makes decisions. It is the company. Also, i have a big list of stocks and as "mentor" told we trade only stocks with 1.5 beta volatility or less, 5 tick stop loss, volume $1 million daily or more on average and current volume of more than $2 millions and price under $25. it is the criteria and I have a list of about 100 stocks which I browse constantly for set up according to the strategy. Ok, I lost last day because I did not trade strategy but because started doing my own stuff. 5 previous days were profitable. Most of my monthly loss happened in the first week of April.
example of a daily trading analysis posted by some traders. charts, entry points, exit points. Note smooth trendy stocks that they pick for trading. http://translate.google.com/transla.../forum.smartapple.biz/viewtopic.php?f=8&t=150
Kinda, I'm from a USSR, now a country north of Afghanistan. The guy in this thread uses latin alphabet to write in Russian, later in the thread he uses cyrillica and google translates it very well. Also - thread on how to pick stocks for trading http://translate.google.com/transla.../forum.smartapple.biz/viewtopic.php?f=6&t=138