Getting Started

Why should I trade?

  • It’s your hard earned money. Your choice is to place it in a fund where it will sit for years waiting for you while growing slowly but surely, just in time for you to retire and pay for your aged years. A better scenario would be to use it to expand your income and have more money now and later. Why would you give your money to a stranger (fund)? Where you are restricted in accessing it, in the hopes that it will grow? Stock walks is about learning to take control of your own money and destiny. We are assisting in educating you to grow your own money, after all who aren’t you the person who’s best suited for looking out after your own interests?

How much $$$ do I need?

  • You can start trading stocks with as little as 1000 dollars and increase your funding when you see that your strategy is working. By investing just this small amount will help ensure you are willing to keep track of your money and increase your level of knowledge. Just consider it an investment in your future financial education

How to set up an account.

  • There are many online brokerage services. Ameritrade, E*TRADE, Scottrade and many others. Many of them will allow you to make a limited amount of free trades for signing up. Typically trading costs about $10 per transaction.
  • Robinhood is a 0 dollar commission trading account.

Position sizing.(This is such an important subject, we gave it a page on its own).

  • We follow Dr Van Tharpe’s methodology in position sizing. In our view this methodology keeps your risk at manageable levels. In a nutshell you decide the amount of your portfolio that you want to risk throw some magic simple math into the equation and off you go. Position sizing is so important to controlling your risk that we recommend that you obtain Dr Tharpes books and study it for yourself.

Trading plans:

  • You should always have a trding plan which at a minimum should have:
  • Setup
  • Entry
  • Management
  • Exit.

How to buy a stock?

  • When you plan to buy a stock you place an order with your brokerage. You need to know how many shares you wish to buy and at what price. You can place a market order which will execute at the current price or you can place a limit order which will only execute when that price is met.

How to sell a stock?

  • When you plan to sell a stock you place an order with your brokerage. You need to know how many shares you wish to sell and at what price. You can place a market order which will execute at the current price or you can place a limit order which will only execute when that price is met.

Trading Journal-Keeping Score

  • A Trading Journal  turns raw trading data into refined evaluation analysis, allowing for sound trading decisions.You can use anything from writing your trades on a napkin(not recomended) to keeping a simple notebook or Excell spreadsheet.
  • I use The Trading Journal Spreadsheet software. I like the tracking of my equity curve and risk multiples. It helps me keep my trades orderly and above all an easy way to tell if its time to stay or time to go. I spent the money because I believe you need to have the right tools to do the job.

Basic rules for a systematic approach

  Equities Entries:  New 52 week high., (Prefer new all time high) Stock in uptrend In consolidation period prior to buy. 3a. On recent gap up: Completed backtest with bullish engulfing candle Limit buy order on prior day closing price. Risk/Reward maximum 10% Upward rising 50DMA and 150DMA. ( Avoid buying on recent multiple 50DMA penetrations, unless there are …

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ETF Long Strategy

This strategy is still in development . We are not holding any actual positions. Any positions or posts made are simulated only, and only for the purposes of study. We are not giving any investment advice. If you make any investments following our blog or strategies, you do so at your own risk. We are not …

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Position Sizing

  We follow Dr Van Tharpe’s methodology in position sizing. In our view this method keeps your risk at manageable levels. In a nutshell, you decide the amount of your portfolio that you are willing to risk throw some magicly simple math into the equation and off you go.   Position sizing is so important to controlling your risk that we recommend …

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Tools of the trade

Trade Journal. Paper Napkin 🙂 Trading Journal Spreadsheet Excel spreadsheet Notebook Position Sizing tools.   Trade plans:   Charts. Finwiz Chartmill Basic chart reading from the Turtle Follower Think and swim (Ameritrade) MarketSmith Countless others.   Brokerage. Ameritrade Robinhood   Idea Generation. Stocktwits Twitter Finviz CNBC Marketwatch Paststat Gigascanner sharptraders.com     Mentors. Alpha Capture …

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