It is North york Title trading. I guess 3 days in profit, 200 shares. 3 more days of profit more than certain amount. 300 shares and so forth. They did not teach us to trade credit, but we do it of course. I guess it takes time to figure everything out. I trade EP. I like the stock. it is very volatile. as I like. But I am not up to it yet. today finally I have stopped messing with hot keys. some progress.
$20 bucks and no more trading is obviously not enough. It can be reached quite quickly. Demo would help a lot. 2 weeks to figure things out and trading without draw down limit, then going Live. results would be better. with $20, some days it means 1 hour trading and then sitting and watching 6 hours. No good. it has already been twice this week. I use $2-3 per 100 sahres stop loss and nevertheless it can be reached quickly.
also, this EP stock is too volatile for 2-3 cents stop loss. It is moving up or down but along the way swings up to 5-6 ticks and then back and into profit.
What are the commissions and other fees that you pay? It it so much a trade or so much a transaction? How long will theey give you to get profitable ?
they told one guy who came with me, they will make some kind of decision after 1 month. But in the course of the interview they told me it takes 3-6 months for trader to become profitable. so, go figure. 6 months is a reasonable time. it took me 4 months to figure out Forex. and i am not sure footed with my risk control yet. still gotta work to do.
comissions? sorry, I have no idea. I am more concerned now how to learn to trade and become consistently profitable. Risk control Im am told 2-3 cents, i am following so it is not a problem for me here.
a month is enough time to see whether or not the trader has the skills/tools/mindset to eventually become a profitable trader i saw a trainee lose 500 when his stop was 50 because he just didn't want to let go. and its not like he was screwed on a market order, he had an hour to get out. needless to say, he was gone that month. no discipline and no respect for the rules commissions are .0002 per share daily stop loss is based on average performance
yes. it is $20. lost $20, stop trading. $2-3 per 100 shares stop loss. I have no problems following rules. I am only upset, that now, after I am $20 down, I have nothing to do. watching is not same thing. I would like to be able to trade demo and practice more. The only positive today, i have done ok with hot keys. no stop loss was more than $3
The commission is actually lower than that. 8 cents or so of that are clearing costs so the real commision is about 12c per 1000 or 12$ per 100k.