Trading Account

38 comments

  1. No success without failure. Try again and use your lessons learned to be smarter.

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  2. Every body goos true that, I have blow not 1 but 3 the 3rd wake me up I finally get it I fin my error and work on my mistake, my first account was to small it's not working so I blow. Tradenet.com

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  3. Did I miss something? I thought you were using Robinhood which would have eliminated the commission costs.

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  4. I kno robinhood sucks , but for small 500 acc you can grow it commission free, I use TOS as my platform but execute on RH. Until I have 2k sor td margin account.

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  5. its okay bro I've blown up close to 4 accounts

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  6. I started paper trading a few months ago and from the hundreds of trading videos that I have watched this one is hands down the most honest, transparent, genuine and informative I've seen.

    I've been following you since the start of your adventure Garen, and your strong will is what will make you a successful trader for sure.

    I think your choice to go with spartan is a good one, you will be less oppressed by commissions on higher time frames, can't wait to see you turning consistent on your next live account 👍

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  7. You should really start with a 0 commission app I use webull and day trade with it and I'm more then happy… If u have a 500 dollor account is hard.. me I go all in on Momo trades kinda like scalpping 10 cent on stocks from 50 cents to 2.00….it don't make cent to buy a 5 or 10 dollar stock with a 500 dollar amount u can't make money like

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  8. Garen, I was also in Awesomecalls.

    I started in small caps and tried a bunch of different rooms, and I was starting to get the hang of it. Then, I switched to Awesomecalls and they mainly traded larger caps so my strategy was completely different, and that caused me to blow up my first account similar to your situation. I've been paper trading on ToS and I finally found a strategy on large caps that seems consistently profitable for me on my own. Right now I'm not in a room because I couldn't justify the price of AC while I wasn't making any money trading. But once I go live again I plan to get back in the room and trade with you guys again.

    Just keep at it brother, we all go through tough times but when you come out the other side it will all be worth it.

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  9. I've blown 3 accounts man. It happens. Every night I watch videos of people like yourself who are on their way to being successful and those who are successful already. I'm almost at the succesful side. What I've noticed and this might help you is that you use too many indicators. Too much outside noise. I used to use indicators like yourself. Today, I only use the VWAP and the 9EMA.

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  10. I pure straight hate you. But goddamnit, I respect you

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  11. Thanks for sharing this.

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  12. Thank you for your honesty bro, I'm new and still learning. Love your videos

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  13. Dear Garen

    I have almost 10 years on paper trading, and I still blew my first account not long ago.
    Small timeframes are losing timeframes and only sophisticated bots can make money on them, especially considering the commissions on each trade compared with the positions you are forced to have with a small account.

    Best timeframes for trading stocks are 1W 1D 1H where support and resistance are much stronger.

    Good luck for you.
    Take some days off and then come back.

    By the way, i have positions opened on the 1W chart with much better results.

    Best of luck.
    Rui

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  14. 8:03 if you are good at scalp trading why are you running away from it? Yes it is risky just like every other types of trading style but you said you are good at it so why not try to keep doing and perfect it more.

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  15. Keep going mate – I'm in awesomecalls aswell. been trading 3 years and only found consistency recently. Made 19k since thursday mainly on NIO. thought about giving up about 1000 times but that NIO trade made it all worth it

    Edit: Blown up about 6-7 accounts aswell LOL

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  16. Ive blown two intros..now their bugging me to buy a student. They NEED a new influx of traders to lose and blow up their accounts. That is how they earn money and are able to pay the winners

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  17. Keep fighting bro. This will only make the success sweeter. You are going to do great. You have positioned yourself for success. A tweek here and there and you will be gaining 10X more than you lost. This is going to be a great year for you. Your humility has answered your prayers.

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  18. I have the same problem with the opening bell… Let me know if you find a fix lol and keep doing what you're doing.

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  19. Have you considered a SIM account?

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  20. ~5 dollars on commission each trade in a 500 dollar account is not workable, you give too much money away. I do not day trade so I am not really trying to give advice but in my view even day trading with 3% of 10k as you said is way too small of a trade. My trades cost me 5 in commission per trade (so at least 10 after closing position) and I only trade/adjust positions in increments of at least 2k at a time for that to feel like it is worth it. Otherwise I feel I'm paying too much commission relative to trade size regardless of account size. In such a small account as 500 is, that isn't even possible with going all in every time, so I wouldn't bother at that point and just continue to paper trade (the statistics you show at the end that the site provides you are cool though, but ultimately you can work those out for yourself for much cheaper). Day trading seems hard enough without your account size getting in the way, better to save up enough for that not to be part of the equation. Best of luck in the future.

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  21. Yes it does suck, the real question here is What are you going to do about it now

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  22. Part of the process man, I blew up 2 before I got the ball rolling. A wise man once said, A trader must blow up at least 1 account before becoming profitable.

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  23. Trade cfd as beginner

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  24. I have blown up like 10 accounts. Yet I am still here. Don't worry I am profitable now.

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  25. do you share your size position excel sheet? I made one too, but yours looks more detailed

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  26. Im so sorry for you but don't get discouraged. I know you'll become a successful trader one day. Just take it one day at the time. I'm a newbie too, never trade before and I want to start paper trading. My question is: how paper trading helps you, because I watched a video of Tim Grittani saying paper trading is the worst decision he could have made . How paper trading will help me? thank you and take a break, and start over again.

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  27. TraderSync link doesn't work?

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  28. -It was only $500
    -it was great experience
    -Tradenet won
    Thank you for your complete transparency. You are probably the only trader to offer 100% truthful results.

    Good luck on your next go around…. I'm betting that you will become a great successful trader

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  29. Don’t give up

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  30. It is a process it’s the cost for experience

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  31. U can do it faster in forex

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  32. But still….you are the true MVP here. I wish you a million views on this one as well. Thank you.

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  33. It's a part of the day and life of a Growing Day Trader. I've blown up my account MANY times. Key is LEARNING from it and DON'T repeat the same mistakes that caused it. Stay hungry, continue reading and learning mainly from profitable traders and it will pay off in the end. Right now I'm on a winning streak starting with a small account as you can see on my channel.

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  34. Sucks you went through this, but it's great education for us all. Respect for doing this.

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  35. I’ve blown 2 before I found consistency, no worries it’s a process

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  36. Hey man, keep moving forwards. Fascinating to watch your progress – keep up the good content 🔥🔥👍

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  37. Truth bro, I'm learning the same thing right now. Thanks for the honesty 🙂

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  38. Cheer up bud! You will bounce back.

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