How to become a millionaire day trading?
Do you want to become a millionaire day trading?
That's easy, just do the opposite of what I'm doing!!!
Today was the worst day trading ever. I lost $40 gross I didn't even bother to calculate the commissions. 3 momentum trades got me there. all of them failed. 2 of the trades were on the same stock : SYA.
Here is a screen shot:
That's easy, just do the opposite of what I'm doing!!!
Today was the worst day trading ever. I lost $40 gross I didn't even bother to calculate the commissions. 3 momentum trades got me there. all of them failed. 2 of the trades were on the same stock : SYA.
Here is a screen shot:
Lost most of my money trading on this stock. Entry was at 13. I waited patiently for a breakout but the 2 attempts to break out failed.
To be honest I could have cut my losses after 2 or 3 cents but I waited too long, my prayers were not answered.
Tip: Don't wait too long, if it's a momentum trade then either it breaks out or it doesn't, cut your losses fast.
That's it, I'm done for today, just imagine what it would be like if I were to trade larger volumes say 500 instead of 100.
That's it folks, hope you did better than me.
Oh, one stock did succeed. I traded STI, waited for the resistance to break and it did. a few bucks gain but that didn't cover my earlier losses.
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