The Brehs of Wall Street (Offical Stock Market Thread)

[Busted_Toes]

When doing stop loss placement, what range/duration should i use? weekly? monthly? 3 months? 6 months? I just learned about support and resistance but now i'm wondering about the duration.

 

[Malcolmxxx_23]

When doing stop loss placement, what range/duration should i use? weekly? monthly? 3 months? 6 months? I just learned about support and resistance but now i'm wondering about the duration.

depends..u doing day trading... or short term

 

[ORDER_66]

Quick question about this TDA app why wont it let me buy penny stocks, even with my $3... why does it keep mentioning I need more money to fill the order???

 

[Busted_Toes]

depends..u doing day trading... or short term

short and long term trading

 

[SwizzLake]

When doing stop loss placement, what range/duration should i use? weekly? monthly? 3 months? 6 months? I just learned about support and resistance but now i'm wondering about the duration.

Now that you learned how the support and resistance works, you can use that to determine when you want to sell and buy. When the stock hits its resistance point you might want to sell it at that point, if you're looking to buy..you wait until it dips. But of course we all have different ways of interoperating that.

 

[Malcolmxxx_23]

short and long term trading

for day trading...i put a limit loss same day.. i play super safe
im still new..

 

[Busted_Toes]

Now that you learned how the support and resistance works, you can use that to determine when you want to sell and buy. When the stock hits its resistance point you might want to sell it at that point, if you're looking to buy..you wait until it dips. But of course we all have different ways of interoperating that.

thanks but say the stock crashes, do i put a stop loss just underneath support point? So incase it jumps back up the sell order isn't triggerred.

Also what duration do you use for support and resistance?

 

[Malcolmxxx_23]

Now that you learned how the support and resistance works, you can use that to determine when you want to sell and buy. When the stock hits its resistance point you might want to sell it at that point, if you're looking to buy..you wait until it dips. But of course we all have different ways of interoperating that.

what platform you use

 

[Busted_Toes]

for day trading...i put a limit loss same day.. i play super safe
im still new..

i'm new also, i'm trying to develop strategy to not lose what i invest, which is stop limit etc.

 

[smoove157]

Quick question about this TDA app why wont it let me buy penny stocks, even with my $3... why does it keep mentioning I need more money to fill the order???

check and see if all the money you deposited is cleared, I was having that issue mid last week

 

[SwizzLake]

what platform you use

thanks but say the stock crashes, do i put a stop loss just underneath support point? So incase it jumps back up the sell order isn't triggerred.

Also what duration do you use for support and resistance?

Depends...How much did you buy the stock for? If the stock quickly goes down, even below its support level...you could be patient and hang on for it to climb back up, or collect your losses and stop the bleeding. Being patient with lousy performing stock takes time, and time is money..you could have invested that money elsewhere, you have to make tough calls sometimes. If you bought the stock for investing purposes, then you wait.

 

[ORDER_66]

check and see if all the money you deposited is cleared, I was having that issue mid last week

The money has always been in the account breh....

 

[SwizzLake]

check and see if all the money you deposited is cleared, I was having that issue mid last week

For Safe High-Yield Dividend Stocks Offering, long term investment I use Questrade

for day to day trading's I use Wealthsimple because of the 0 commission.

 

[Malcolmxxx_23]

i'm new also, i'm trying to develop strategy to not lose what i invest, which is stop limit etc.

yeah thats the best way ...till you grow your account.
small gains..and minimize loss.

 

[SleezyBigSlim]

Doge coming up I'm finally at a profit after jumping in yesterday