Day 57 of the $583.15 Trading Challenge +$4,966.64

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Comments

1. Glad i joined the WarriorTrading room, APOP popped in the chat entered at 8.75, bailed at 10.50. Thanks Ross.
2. Hey Ross , could you show us you set up on the DAS software , I would like to see how you set it up , and be able to follow it by watching at the same time on your eSignal charts, if you could a video tour of all of it would be appreciated , Thanks!
3. Using price by volume chart it was very clear there was limited resistance with $GBR, allowing less risky early entry. $GBR pushed past expected ATR and straight to next resistance (as indicated by PBV chart) and pulled back. Have been using PBV when stocks such as $APOP pop up. Allows visualization of resistance within seconds and speeds up decision to make entry. Also using ATR (average trading range) to derive an expected price target helps tremendously. Added equation to scanner to provide price target. $GBR blew through target (so nothing to stop it til next resistance), while $APOP went straight to predicted target price and pulled back. Helps reduce risk on entry and exits.
4. I m paper trading GBR 2 times $500 profit even paper trade I take serious, got to study candle sticks and it's paying off I look at candle sticks like foundation on a house when one level has been cleared like 5 minute chart and that area of price is broken going higher I'm buying, like in basketball you have to trust the shot and in trading you have to trust pattern of candle sticks
5. its kinda funny that the greatest trading teacher on youtube has the single most brutal strategy out there! each trade i see you take looks riskier than the last and i think how in the hell are brand new traders going to react when they get in with full size and immediately lose 20c LOL. this strategy is really expert level imo
6. Big question, can you use leverage with speed trader ?
7. Man i wish i knew how to find all those gapping stocks !!
8. Why are your ecn fees so high?
9. Hey Mike, I had a question about the new rates on SureTrader. I know you don't use them much anymore, but do you think the new 0.01 per share + ECN fees is better then the old rates? Now it's a flat $20 round trip per 1k shares.
10. Ross, I have a quick question...your APOP entry today at 9.88...you use the low of that candle as your risk on the pullback ? so like 9.50ish ? Also, when you see it pullback do you get a limit order ready for high of the previous candle.. ? How much offset if any do you put on your limit orders to buy inorder to get filled. I find when it starts ripping and I transmit my order lots of the times it rips right past my price before I even transmit.
    
    Thank you for taking the time and great videos !
11. cant believe i missed today and APOP ran so much and ross had it on watch right out of the gates!!
    hope we get more big runners soon
    thanks ross. and awesome job
12. suretrader cut cut down margin on apop, gbr and any other stock that's moving. just fustrating.
13. NICE!!!
14. how about the 500k challenge from 583.15 250 trading days in the year and 50 days you hit 100k the numbers are there james d
15. Brilliant Ross, Great recap thanks.
16. Hey Ross do you have the Day Trader course in recording for those couldn't be able to join real time?
17. I ended up making like $20k on APOP because I jumped in with 12k shares at the open to bad that's all just paper money right. If I could only be that right all the time but it was very risky I'm kicking myself to because I was in GBR also but sold to earily before the big move happened.
18. Loved the vid, gave you a like ^‿^
19. are you using market orders or limit orders to get in and out
20. hey guys, i just got a new laptop and my currentl brokers trading platform doesn't work with the 4k resolution on this laptop. I live in Canada and any suggestions on a new broker or platform would be helpful