How To Make BANK!!!

How long did it take you to make your first $100

  • 6 months

    Votes: 0 0.0%
  • longer than a year

    Votes: 0 0.0%

  • Total voters
    11

Steakeater

New member
Hi everyone making a quick guide, remember there are no shortcuts or get rich quick schemes.

Part 1: How to become successful if your struggling(I know I was)

1. Slow down take a deep breath, look at your chart and make sure you understand what its telling you. Make sure you are not having indicator overload and you can read what your indicators are telling you.
2. Stock trade using one share and always use a stop loss and a profit taker.
3. Where do I put my stop loss you ask? Well look at your chart, where has price struggled to reach and been rejected.
4. Where do I put profit taker you ask? Put your profit taker where price has gone through with ease or an area that you believe price will go but do not get to greedy. I like to use a 12 day ATR to determine stops and targets with a 1 to 1 risk to reward.
5. As you increase your reward to risk the probability of your trade succeeding diminished remember trading is all about probabilities.

6. Determine what type of trading and timeframe works for you? I will go into this next part if the community shows interest and if anyone has any questions for advice for others feel free to comment below.
 
Last edited:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
329 Online
Create Post

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top