Willy

August 26. 2024 I pretend to show you what I consider the best way to trade if you have a small account. I will be using most of the time simple strategies like 1 and 2 min opening range breakouts and camarilla pivot points. First I traded 1 min ORB the I waited for the break of R3 and traded short. I traded 8 contracts on each direction.

Hi Brandon, The 50 and 200 MA are simple (not exponential). The thing with VWAP strategies is that it depends of the time of the day. For example (see chart below). i have learned that when you have a stock that have sold off (like CGC on feb 15) and the make a come back to VWAP. You don't go long when the first candle close above VWAP. Sometimes is a long but you have to wait for a pull back . But at the open (first half hour) very often when a stock crosses VWAP it keeps that way (that is my main strategy), the only thing is that you have to buy o short sell very close to VWAP, you have to wait for the pull back some times.

Hi Brandon, I know that everybody is different. i am going to give you my point of view, maybe you can take some ideas. Based on my experience NKE hardly ever take a direction at open . i don't like this stock for my strategies at open. First trade on NKE: I think VWAP is one of the most powerful indicators, if you are going to buy that far from it, you need to take less shares in order to put you stop loss a few cents below VWAP. Short trade on NKE:5 min should be your guide for the direction of the trade. After that big green candle and over VWAP i don't like to go short. Trade on CAR: Stop loss should be a few cents over VWAP. Good trade on CGC. You execute the plan. Note: I use the 50 and 200 MA's on 1 and 5 min chart. A lot of time they work as support or resistance. (today your short on CAR rebound from one of them).

Hello Brandon, I have been here since 2017 too. At the beginning of the year i started a forum like you That was the 2nd time a tried and fail to grow a small live account (US$ 3,000) now a get back to simulator to try with US$10,000 account. Here is the thing that i have learned so far. 1. Try to be only in one trade at a time(2 max). (this doesn't apply for Andrew, he is in another level) 2. When you have a small account the ideal is to trade stocks from 3 to 10 dollars in order to buy 400 or more shares. But the case is those one are usually low float. Very difficult to trade for novices. 3. To trade stocks from 20 to 100 dollars with a small account is very difficult. For example the trade on CGC was the only one you needed for you daily goal if you have bought 400 shares, sell 200 fo $52 and with that money in you pocket you can relax and follow to plan for the 9 MA and you could get $200 more. The same happen on the TPR trade, with more shares you sold half (or a quarter like Andrew) and you would get more money with the others. Your winners can run and your losers get cut quickly (with only 100 shares that does't work) 4. Try to buy next to a level to not get over your max loss per trade. 5. Try to define only one or two strategies and test them. 6. I think you can't no trade more than 4, 5 times. (the commissions are going to hurt you (small account)) 7. If you have 3 losing trades in a row, come back tomorrow. 8. It is good to see the big picture, use 5 min chart to see the trend and 1 minute chart to get the best entry. 9. If you trade a stock 2 times in a row you are using one strategy but if you trade it 4, 5 times in a row you are guessing or doing revenge trading. I hope this can help you. I am open to talk about this topic. Regards, Willy