PocketPAT

Sidenote, ThinkorSwim is jumbled as f***. *SIGH* I haven't used it in a week or so and I was like a ninja, closing this and minimizing that during my trade this morning. Heart palpitating "MOVE, WHY ARE YOU SHOWING ME THIS NOW!!!". WAY too many menus and sections to navigate through. ETrade Pro is SOOOO much easier to use. I have it setup so that it's literally ONE SCREEN that shows everything..... meanwhile, TOS has NO CUSTOMIZATION. Terrible. I can't WAIT to get over PDT so that I can dump TDAmeritrade/ThinkorSwim. Smh, but it'll do for now =) #Patience

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PocketPAT

Hmmmm... Conversations on the way home from the gym: I’m starting to reconsider sizing in. It makes perfect sense once over PDT, but with 3-6 day trades, sizing in with two trades per ticker may not be worth it. I currently have two trades left on ETrade til tomorrow and one at TDAmeritrade til Friday. I’d feel more comfortable with more bullets in the chamber. I think I’ll use $2k til I’m consistently profitable, then raise my positions to $3k til I've doubled my account size; then I’ll increase positions again to $4k til I’m over PDT. This way, I’ll have six bullets in the chamber each week and can still practice great risk-management =) ------ I'll save size-in's for when I'm in a ticker that REALLY spikes and I'm up from way down below. At that point, a size-in would be super profitable. Other than that, I'll stick to singles (technically sizing in would take my position from a single to a double).

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PocketPAT

Small (-$30) shakeout on FRAN at ideal entry for the Multi-Dip Recurl. Was looking to cut losses EXTRA quickly if it didn't bounce immediately and I'm so pleased that I did =). I'm trying to reestablish my discipline in Multi-Dip Recurls after a few small losses from stupid trades and bad habits (from experimenting with other setups over the past couple of weeks). Decided to just post trades in bulk like I see a lot of traders doing on here. Makes sense. I need to focus more on trading than posting. NOT GONNA LIE!!! I'm seriously contemplating leaving TDAmeritrade and just combining all funds under ETrade for just three day trades. ETrade PRO is SO MUCH better than ThinkorSwim LOL. I don't know, everything is just all on one screen, I don't have to navigate between "Trade" and "Monitor" to manage positions. Three day trades just feels like not enough though. Even though I typically only trade 3-4 times per week, I just like having the ability to trade six times. Although, only having three trades would make me focus on only the best ENTRIES of the best plays...... Hmm..

dag_duglas
dag_duglas Jul 17, 11:42 AM

You can convert your account to a cash account under which there is no day trade limitation but you can trade till you have settled cash in hand

PocketPAT
PocketPAT Jul 17, 11:52 AM

@Divye interesting, thanks. I've just looked into this, but I've already decided to keep things as they are now with TDAmeritrade. No need to change the program, I should just focus on being a better trader.

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PocketPAT

lol I love calling ETrade. They’re fast-talking customer service guys are straight to the point. They sound like cocky wallstreet bros. “Congratulations, you’re the first person to ever ask me that question.” I was trying to see where I could get a “Day Trades Left” count on ETrade Pro a week or so ago. It was maybe the third time I’ve called them and I love it, feels like I’m talking to a regular person. We found the solution a minute or so later and he even chatted afterwards about my trading strategy and PDT. Maybe it’s just the “Elite Member Support” guys. Interactive Brokers’ people sound stressed and annoyed. Starting to really enjoy ThinkorSwim as well.

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PocketPAT

Damn.... FCEL is off of the table. Had ETrade given me my damn 10k shares, I'd be up about $900 right now.... It's too close to long-term resistance for me now. Anything this far from ideal entry at 0.38 is gambling, and even if it does pullback to ideal entry, usually the first rip is the biggest, because of the huge buildup of market confidence. All others after that are usually smaller and sketchy. Still watching though. --- 10:25AM: Nice pullback on FCEL. Not good enough for me though. I've already wasted one day trade today. Even with Thursday closed, I don't want to waste another.

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