• Financial,  Trading

    Lightspeed Trader – Trading software review

    Like many retail traders, you start out with Etrade, TDAmertrade, Schwab, etc. and learn their trading software, dabble with some money, and then if you really start to get into it and do well you wonder if there is better software out there. I did just that.. Bring in Lightspeed Trader. This trading software checked a couple boxes for me that I was looking for. For one, it had a Mac OSX version that many leading trading platforms did not offer. This is somewhat important, but not a deal-breaker for me as I could always run Bootcamp/Parallels to use Windows software. I was looking for the fastest and best executions,…

  • Trading

    Respecting your STOP loss in a trade

    If you’re trading the stock market, whether day trading or swing trading, respecting your stops is crucial to longevity in the game. Without it you have the potential to blowing up your account and losing all of the profits you’ve made in a single trade. I was recently reminded of that (in a good way, no I did not lose all my money) but actually RESPECTED my stop and stopped out of a trade even though I did not want to. I will outline it below. The stock was TSRO. On the morning it was gapping down on some news, I really don’t care what or why, but rather what…

  • Trading

    My Trading Story

    I started investing and getting into the stock market back in October of 2011. The markets were just bottoming from a relatively large correction at that time and I had bought stock in Ford (F), Verizon (VZ), Paychex (PAYX), Freeport McMoran (FCX), and Apple (AAPL). I had under $10K invested at the time and was doing alright. By mid 2012 I had pulled a decent 10-20% profit on each investment. This was to be expected, since if you bought anything in October 2011 and held it for a few months you’d instantly be up as the bull market continued. Then I started options trading. After making profits on my investments,…