JonathanRivera
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Posts posted by JonathanRivera
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How can I access e-mini futures I am using WEBULL and Suretrader but I can’t find those tickers. I would love to give that a shot.
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I hope to be one day! Thanks for the help, I’ll try to post more often in the forums.
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Hey Kurt,
Thanks for the reply and advice. It’s something I didn’t want to hear but had to hear. I’ll begin to get to work on everything. I agree with everything you said and actually knew it myself but needed some validation. See you in the chat room tomorrow.
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Yeah so maybe I can lower my max loss to 35 dollars since my account is 3.5K.
But yeah it’s been a struggle so far, I been relying on this since I just quit my other job so this is my only income so I think that adds lots of stress and pressure to my trading. I need to find a way to let go but it’s tough since it’s what we are depending on currently. Due to my recent trading I think it’s time to find another part time job. So far it’s not working as planned lol. I am planning to give it another two weeks and if no improvements then I will have to dedicate more time to job hunting.
Any suggestions or comments are encouragement, I’m open to advice.(Side note: I been trading sim for four months)(5 days trading live)
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Hey guys I am new here. I started trading live 5 days ago with a 3.5 K account and it's been tough. I lost about 250 dollars and I took a step back today to re-evaluate it all and try to make a smaller profit target. I was taking positions of 1000 shares each time I could and I kept trying to make a 1000 dollars on a 1 dollar move and I kept thinking to myself I am getting there if I just try again I will get it. I lost my 250 and now I want to make it more sustainable so I set new rules here they're and let me know what you think:
I can only take a max of 2 trades daily
Max loss per trade 40
Max loss per day 80
Profit targets 2:1
Daily profit target 80
Trade my one setup I know: Booty Reversals
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Venting plus big loss
in Risk, Account & Money Management
Posted
Hey so I am back again....
I had to call my broker to implement risk controls to my account because I continue to have these big red days due to always getting caught up with FOMO and trying to trade the open. The good news is I got hired at a full time job and I should start next week. The bad news is I probably can't day trade as much as I want to now with this full time job.
My question: Does anybody here do swing trading or trade options? And is it a good alternative to day trading?
I am asking this because with my full time job I can only trade maybe one hour a day(the last hour before market close) and before my full time job I could trade the whole entire day so with my current losses of over 1,000USD and my small little account size I am thinking I may need to call it quits and try a different method of trading.
Any advice is appreciated have a great day guys!!!!