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Author Topic: how many trades per week?  (Read 7867 times)
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jandjcomm
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« on: August 11, 2009, 05:59:11 PM »

For Gold members, how may trades(buy) per week you suggest ?
Just trying to figure it out, how much investment do I need?
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Mark
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I'll sell when it's out of fuel!


« Reply #1 on: August 11, 2009, 07:42:09 PM »

What ever you want and feel comfortable with. There really is no set amount or number... sometimes you'll buy one you think will go up and it goes down... then try another... also depends on how much funds you are using...

Best thing really is to read all you can here on the forums and learn as much as you can and develop your own trading style...

The Technical Analysis here is wonderful and mostly easy to read with TONS of info...

Best thing for newbies i could suggest is just follow Doc's challenge trades and learn, learn, learn...

Good Luck to you  Grin
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Chipldr999
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« Reply #2 on: August 12, 2009, 01:13:24 AM »

I agree with Mark.  Just sit and read every reply, and look at every stock.  If your trading with under $25,000 (most of us are), make sure you dont Daytrade (buy then sell in the same day), more than 3 times in 5 business days.  Look up the pattern daytrade rule.  The info on this site is really good.   Grin Wink
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Dr PennyStock
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« Reply #3 on: August 12, 2009, 11:48:16 AM »

You can begin to trade with $500 - $1,000, buy 1 or 2 stocks and wait, patience is the best quality of a good trader.

The best to begin is swing trade, because of the PDT rule.
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jandjcomm
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« Reply #4 on: August 12, 2009, 11:53:17 AM »

thanks to all of yoy who responded to my query
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ShyTrader
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« Reply #5 on: August 12, 2009, 12:10:28 PM »

For Gold members, how may trades(buy) per week you suggest ?
Just trying to figure it out, how much investment do I need?

The only other comment I'd make, is save some cash. NEVER put all your eggs in one basket.

I would suggest choosing how many stocks you want to buy (Doc suggested 1-2), and then have ONE basket that you can use to double down if the stock moves the wrong way, and then have ONE SPARE basket for flexibility (another great trade, or your second choice also needs to be doubled down on).

The more $$ you have (the more you can put into multiple stocks - NOT the larger the quantity) the less "spare" baskets you need.


Also, your style and need will change based on your trading philosophy. If you trade more like Vegas, you will be in and out faster, and you will likely take more losses (but smaller); so you'll have less of a need for reserve money. If you trade more like Doc (or maybe a little more extreme), you will sit on money until you can make a profit, and you will have to double down sometimes to average your costs to get a profit. You WILL need spare money for this kind of trading.

Hope that helps.
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Stretcher75
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Have an entry / exit strategy and you will be fine


« Reply #6 on: August 13, 2009, 11:18:53 PM »

I agree with having some available cash in your account. There have been many times where there was stock with lots of momo and I had no available cash to jump in.
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Dandc3
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« Reply #7 on: November 18, 2011, 11:39:09 AM »

I agree with Mark.  Just sit and read every reply, and look at every stock.  If your trading with under $25,000 (most of us are), make sure you dont Daytrade (buy then sell in the same day), more than 3 times in 5 business days.  Look up the pattern daytrade rule.  The info on this site is really good.   Grin Wink
That is very good advice & those who arn't familiar  with the PDT rule should brush up on it. I forgot to keep track & got tagged as a PDT'er once & it it took 90 days ( I think) for that restriction to be removed.
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Dr PennyStock
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« Reply #8 on: November 18, 2011, 11:48:49 AM »

Yes, the 90 days are correct, if you are caught under the PDT rule.
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