Therefore, your first few trades will have to be profitable otherwise you will continually need to top up your $25,000 in order to trade. You may not be aware that to trade more than 4 times in five days (I believe) you will need a minimum of $25,000 in your account. However, irrespective of my beliefs, for you and your pot size of trading capital the sums just do not add up for you to use a stock picking service. I would avoid any stock picking service or software - there are many reasons why I believe this is just pure money down the drain. ![]() You might like to look at a thread on t2w called t/a and level 2, which might help.Other than that my courses are on the home page of t2w and i would be delighted if you decided to come and see me at some stage.Good luck. I notice from the site you mention that they are showing level 2.This is obviously correct of them to do so as most of their trades seem to be on Nasdaq stocks. We all naturally think that we will be very good at this,but then we all would wouldn't we.Actually i know from tests that i've done that about 70-80% of beginners cannot naturally manage a trade.So even if we are given the perfect set up an awful lot of people will not trade it to its full potential and many will end up with losses. This is where someones natural trading tendencies come to light. However give ten people a possible move and all will trade it differently with different levels of success or failure.For me only part of the trade is the set up,the major part is how its traded. I fully understand why one would want to use a stock picking service.It is a natural progression for many to use these services first of all.I don't see anything wrong with that. I guess my question how can I weed out the multitude of scams, and is $195/mo for 4-5 trades a day with a profit of 19% per trade reasonable? Thanks in advance and I look forward to getting to know you all.įirst of all congratulations for thinking of starting by looking at the US markets,where in my opinion any trader has so much more of an edge.Nasdaq stocks in particular have the volatility needed for the short term trader to make a living. Now I like doing research and TA and my own homework and that is my goal but as of now that is just not possible. I thought if I could use this stock picking site long enough to build my capital and gain more knowlege and experience that I could at least breathe easier knowing I'm heading in the right direction. ![]() Before everyone chastises me for having my head in the clouds let me reassure you that I understand this is almost impossible for someone to start off doing from day one which is what brings me to plan B. I have about $5000 that I can start off with but in order to meet my obligations (wife), I would have to make around 20% per week to offset my current income. Capital is a problem as is lack of experience and education. First off I like most here (either now or in the past) want to be able to quit my day job to trade full-time. Been lurking around this and other trader message boards for a while now and first off I'd like to say that I have learned more form this board than anything else I've read or seen, everyone one seems to be very helpful and gracious.
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