Ollie, until working your trades becomes routine, until you understand when to use island, arca, selectnet, or soes; try and keep your trade sizes smaller. Your tuition will be much less expensive if you take smaller positions. Also for a while until you get your feet under you, don't try and trade the busiest stocks.
You can make all the money you could ever want, so why get in a big hurry? Working your trades well requires experience.
You have the very best tools available to you now, but I can tell by your post, you don't know what you have.
Half of the battle is knowing how the different tools work, the other half of the battle is understanding how stocks flow.
Look today I shot myself right in the foot, so I have a long way to go myself, but I can tell you this, if you can learn to sell when people are still buying and to buy while people are still selling, you will not have much trouble getting filled.
I totally disagree with Andrew G. It is not a gamble. And YOU can tell what a stock is going to do.
Is it easy? No.
Can you always tell. No. And when you can't tell whats coming its best to be out.
Can I always get it right? Nope, I wish!
What jawd is getting straight is that you don't have to always be right. BUT, if you are wrong, get the FUNK OUT!
Ollie, get on to #MBTrading next week and in the middle of the day when its a little slower, we can look at some stuff about working an order; if I am not too busy shooting myself in the foot.
Also, make sure to scan back through the thread here and read the posts about selectnet and island.
good luck,
(c:
funk |
