Like the thread said let's see what the year end results will be mind you I'm not a young buck anymore and high risk plays might not be included. Note also I'm in Canada so the $25K USofA rule is not a factor as some trades might be day trades.
I'll use 3-5% rule so basically stop loss in the 3-5% range this rule is used at purchase so if at purchase the price moves to rule range then it's goodbye next. Adjustments will be made with upward movement accordingly using the rule. On the research board $BA, $CCL, $ADM, $MOS, $CTXS and $SNY.
Closing out $SNY @ $51.26 for a loss of $44.80. Total funds for next move $1955.20. You might be wondering why the close out cause it's not a big loss also the 3-5% rule was the safe guard. The reason for the closure is "rule of thumb never go into the week end with an open book" it's not a good a practice not going to add anything to this but will in the future as progression is made. This is old news to the vets but for those starting out, live and die by this rule it will benefit you in the long and short run with your trading.
From here on in I'm going to be writing as an old guy but pointing out do's and don'ts for the starter/new to trading audience. What you want to do is look at Stock Futures and Commodities Future to get an idea what the market is telling you, it would also be good to get a few news feed from around the world so as to see if there are any major events started or brewing because if the are any it will have an effect on all the markets. Take into consideration what is happening and you have an edge setting up your next position. Some names I'm looking at any Oil related plus these $SOFI, $LCID, $PTON, $BLNK, $POSH, $MARA and $RETL these are in no order but if there is a runner outside of these then it should be investigated to see if a trade is warranted.
The Futures market has spoken and now we wait for confirmation between 9:30-10:30am for a confirm direction. What you are looking for is to see if money is moving into or out of the market then trade accordingly. New ideas should be looked into now rather than your previous ones just in case you didn’t have any names to short on the burner. Coins are down so a correlated position to coins should grab a bit of attention. A bit of research will give you few names. $MSTR and few others go find them and execute accordingly.
@emmett kelly you trade w/ TD Ameritrade, I see once tried to open account there, they did not let me; I think it was in 2012 around that an old regular in HSM, Bob K (already passed away) even tried to help me phoning them but no way it was needed an american adress i ended opening in IB
100shs of $VIXY bought @ $20.70 and sold at $21.30 for a .60c gain. Account now at $2158.70. There was some neglect due to a bigger fish was on the hook in my main account. Fill received for Order 250025429 BOUGHT TQQQ at 53 leaves 0 Fill received for Order 250089583 SOLD TQQQ at 56.16 leaves 0.
all 4 names above ended green since I didn't post a name with a buy price account remains the same. these are on the board for today. $AMC, $BLNK, $LCID and $NIO.
