News RSS

The way that I place stock limit orders is by planning ahead, for example lets say EXPR stock price is $3.50 so I would place my limit order at $3.75. What I learned about limit orders is that your stock order could be fulfilled up to the price your trying to get. So if the price only reached $3.60 and then went back down your order would be fulfilled at $3.60 instead of your target of $3.75.  A better way to placing limit orders is to already have you order planned ahead before the market opens and wait until the...

Today I ended with a 1% gain but sacrificed a 10% gain by being too patient with a stock. Some people would be happy with a 1% gain but when you know you could've made more it makes you feel uneasy. Everyday when I trade I always ask myself how can I improve today. What I learned is that it's ok to take profits you don't have to max out every trade. Going forward I'm gong to start having my trade exits planned before I place my trade. When I place my trades I will always set me stop loss...

This new stock trading method is called the break even method. We always place limit and stop orders. Initially we place our stop loss at 1% but as the stock price increases over 2% we adjust our stop loss to break even. If we get into the trade early enough we can be patient with our stocks that run. Now once your price passes 3% or more you can adjust your stop loss up to 2% to lock in profits. You always want to give your stocks enough room to run to maximize your profits. The early you get into...

I wish someone had told me when I first started trading stocks that risk management is one of the most important skills you need to be a successful trader. I always use 2 to 1 odds, meaning every time I risk $1 I'm looking to make $2 or more dollars back. When you day trade with 2 to 1 odds, the odds are always in your favor. You have 50% odds when you place a trade. The stock can only go up or down. Just like flipping a coin you have 50% odds. If you take a coin and flip...