United Parcel Service Inc. Class B
158.21 - 162.97
84.22 - 175.47
Echofin Members Consensus
@everyone gonna have to step away from the desk a little early today. There were no new trades added today because I just didn't see many good set ups and, the few I did see weren't priced right ...as far as the Options are concerned. So i'm just holding the $OPEN & $MP Calls.... will pick up the action tomorrow and see if we can add some new positions. Have a good one :y:
A significant part of trading is learning to manage risk - all successful traders are very good at managing risk. There is no risk associated with trading a demo account so put some skin in the game and trade micro lots. Use a demo account for trying out new trade set ups, back testing etc.
hello guys, my name is Juan. I live in Tampa , Fl. I been trading for a year now I'll had more down then ups in this journey but I'm convince that one day everything will make sense. I join this chat because I came across @adros profile in Stocktwits and got in to intel will him and couldn't be more grateful for that call. I'm hyped to be here to learn and become a better trader. thanks for having me !
Hi Marvin and many thanks for your kind remarks and congratulations on your success. I can assure you that there is no need to hurry and add more funds in your account. As Anna and David frequently say its all about consistency and whilst the past two weeks have been successful this is a relatively short period of time. I would suggest that you give it another two weeks and see how you progress if the next two weeks are as good as the previous two then add more funds to your account. Alternatively instead of adding a large sum to you account break it down and drip feed it into your account as your success continues. Believe me the markets are not going to go away and there will always be opportunities to be very successful. Can I also suggest that you look at and analyse your trades to date - look at the set ups that are working for you - what were trading conditions like when you made these trades . I am sure that you are doing all of this but it always pays to look back at previous trades finesse the success and learn from the mistakes. Onwards and upwards.
Hi Fabi no one likes taking a loss but its part and parcel of what we do. No one and I mean no one has endless winning trades - so you have to accept that losses do happen. When you start trading this can be very frustrating but study your losses - ask yourself why was the trade a losing trade - was your set up wrong - do you need to revisit your set ups - were you just unlucky - if a trade is going against you or you do not feel comfortable in the trade get out and preserve your trading capital. Accepting a losing trade is part of trading.
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