Having a routine is important. My daily schedule starts early. Up at 5-6am to read news, and see whats moving pre-market. It is important to write down stocks you are watching, and then create a plan for entry/exit/take profits/cut losses. Do not take a trade if you do NOT have a plan! Several other factors
I’m not a master at reading these long documents but some quick tips to help you go through them quicker. Save the files as PDF and search for key terms and highlight important bits of information. Terms to look for – profit, loss, customers, finance, contract, users, merger, acquisition, losses, dilution, offering, revenues, debt, markets.
Yes you can still trade before the bell and after the stock market bell. Check with your broker for available times. Example: E*Trade Extended Hours trading is available through ARCA and NSDQ on regular trading days from 7 a.m. to 9:29 a.m. ET and from 4 p.m. to 8 p.m. ET. Unexecuted Extended Hours orders
Prior to getting into a trade I always trade with a plan. Here is a simple trade I planed today but did not execute. I missed out on an easy $1,100 today. $ped plan: Long at 2.29 on dip buy. Set stop limit at 2.15 Sell? Anything Over 2.75. The stock hit 3.46 in after
My first 2 short trades that I ever completed were in May of 2017. Platform – TD I had no idea what I was doing at all, I did not even have a plan to get out I just wanted to jump in and see what would happen within a few minutes. I saw that
The best advice I have to any trader, you need a plan! I’m just as guilty sometimes, not having a plan! I’ll show you some recent examples: Tuesday, June 19th recap on my plan. Plan A was to SHORT ticker NURO. SHORT at 1.78 with 1,800 shares in pre-market, and if it went UP to
What is the PDT rule? It basically means you are limited to 3 round trip (buy and sell same day) trades before your account gets locked. Example – Buy XYZ stock, and sell XYZ stock in the same day (including pre-market and after-hours trades) this counts as 1 Day Trade. You can only do this
This is my trading setup: 2016 MacBook Pro 15″ – 2.9 GHZ Dell XPS 15 – 9550 – 3.5 GHZ i7 6700 HQ, 32 Gig Ram LG 5k Monitors x 2 iPad Pro iPhone X I also use an UPdesk standing desk with a Herman Miller Aeron Chair.
I decided to take some time off dealing collector cars, and focus on my own trading challenge. I’ve been learning about trading since I started working. The stock market has always intrigued me. The challenge is to see how far I can grow a small account size of only $4,000. I setup slayertrader.com to document