I've been day trading for about 6 months now. I wouldn't actually call it day trading because I have a full time career so my day trading is me checking my E*trade app every few minutes.

Highly recommend etrade btw... commissions are competitive and their platform is very user friendly. It's also easy to get your margin account started. Only complaint is they run oUT of shares to short.

Some companies on my watch list right now are MGT, Gevo, and XGTI.

The best advice I can give is cut your losses quick and never hold penny stocks through Earnings dates

I made thousands on MGT got in around .70 and sold around 3.50 I wish I could have shorted it on the way down but I was too afraid to short a John McCafee owned company.

I'm not boasting though I've also lost a ton by holding through earnings and the company missing their mark.

This post was edited on 10/7/16 at 11:22 pm

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Posted by Rust Cohle

Baton rouge

Member since Mar 2014

1977 posts

Posted on 10/8/16 at 2:49 am to AUtigR24

Any advice on how I can get educated on this stuff? Any recommend books, blogs etc...
My brother was doing really well following short traders, then started trading volatile stocks in the news. He even quit his day job. He will teach me, but I feel I don't even know the language, and he doesn't really have the skill yet to explain it that well. It's one thing to understand it in your head, then another to be able to eloquently put those ideas together and explain them to someone else.

Once he told me he made enough money that day to buy a small house. I was thinking Fawk, you wanna help a brother out! I might should learn this.

This post was edited on 10/8/16 at 2:54 am

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