Thread: A newbie who lost 10% of his investment on day 1

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  1. 01-24-2016, #1
    antoinettesv16
    Guest

    Default A newbie who lost 10% of his investment on day 1

    Hello everyone,

    I'm new to trading, well not entirely new. Couple of years ago in college I invested $1,000 in penny stocks and lost it all. Moved on...

    Now I'm starting again and first thing I did was put all my saving in one stock! FB! after ER report the price went up and dropped in like half an hour. kept dropping I got scared and sold. Lost 10% of my investment. Bought it again, sold and made about 2% of my 10% back! bought again when the price dropped and now I'm waiting until a nice boost.


    I want to learn day trading, I currently work full time but I'm able to basically track my stocks throughout the day.

    Suggestion please? where should I start?
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  2. 01-25-2016, #2
    aqaqayi
    Join Date Jun 2014
    Location Ghana
    Posts 0

    Default

    Hello and welcome to futures.io (formerly BMT) !

    Well, for starters my first and foremost advice would be to immediately STOP trading real money and stay on SIM or paper trading until you've got a trading plan and a proven and thoroughly tested strategy !

    And watching this webinar would be a good starting point as well:

    https://futures.io/traders-hideout/1...rt-trader.html
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  3. 01-26-2016, #3
    apbrrlwo21
    Join Date Oct 2014
    Posts 0

    Default

    Thank you I will look into it!
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  4. 01-27-2016, #4
    aqiqieoirz
    Join Date Jun 2014
    Location Philippines
    Posts 0

    Default

    >I want to learn day trading, I currently work full time but I'm able to basically track my stocks throughout the day.<

    Further to daytyrader999's important advice I would suggest you trade futures in the evening time. Do not try and trade or follow trades while in your day job. If I was your boss I would fire you, then you would have no income never mind losing 10% or more of your savings.

    For learning, check out Al Brooks price action trading course ($249) which is likely much less money than you have already lost. Price action is key and for some all your need. I supplement with order flow.

    Hope that helps.
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  5. 01-27-2016, #5
    aqokiyeusare
    Join Date Jun 2014
    Location Luxembourg
    Posts 0

    Default

    Hi there. I clicked on the link to start watching the webinar but I can't open it. It says you have to be an elite member for it. Is there another way I can access? It seemed strange to me that you have to be an elite member to have access to a newbie webinar.
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