PocketPAT

After calculating Friday's clear $1960 profit potential, I'm wondering if I should skip practice-trading with micro-positions and get right into it; but I think I'll do at least two to four weeks of practice trades while still completely funding all three accounts. Tomorrow I will split $7,100 between ETrade, TDAmeritrade and Interactive Brokers (2.5k, 2.5k, 2.1k) until I gather the remaining $8k to fully fund $15k in total (likely in the next four weeks).

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PocketPAT

That actually makes SO much sense.... ETrade, Interactive Brokers and TDAmeritrade... I can bring back the 2DR setup and even if I have a bad entry, I can cut losses at like (-$50) and still have 8 trades left. Reenter at the true bottom after a confirmed bounce, ride the move and take a 10% win of $500, grossing +$450 on the day... Still 7 trades left and already over weekly profit goals to hit PDT by January.... Feels like I NEED to do this... It’s decided.... Bedtime =)

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PocketPAT

After using StocksToTrade for a couple months and then trying ThinkOrSwim and ETrade Pro, I appreciate StocksToTrade MUCH more... The others kinda seem terrible in comparison... You really have to appreciate what StocksToTrade has been able to build with limited resources. Imagine if they had the multi-million dollar budgets that these mega-brokerages have had to build and maintain their software.

Alexag
Alexag Jun 06, 3:21 AM

Great Job Andrew!!

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PocketPAT

Going to start searching the StocksToTrade news module for the words "Annual", "Awards", "Present" "Summit" and "Conference" during my 3pm First Green Day overnight scans. ATOS is a perfect example of how, if you'd gotten in yesterday during the slight run-up after news broke that they'd be presenting at the annual "Breast Cancer World R&D Summit" on Thursday, you could have seen that they were a former supernova and gotten in at support with little risk. You could have profited well over a dollar per share this morning. With more than enough volume, that would have been an easy $2,000 gain for my small ETrade account (w/ 2k shares).

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PocketPAT

lol I'm so over it.... STT just crashed three times. I blew up their support email. Seriously considering dumping StocksToTrade at this point. On the phone with ETrade about their Power ETrade platform.... I'm so f*****g done.....

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PocketPAT

LOL..... Ehhhhhh, the Power ETrade iPhone app didn't exactly work out for order entries... #LotsOfFumbling. Partially my fault, but I think I'll test out StocksToTrade primarily for executions. I missed 3 of 4 dips just by looking at my phone. All in all, just about all of my watchers were SOLID dip opportunities (no panics)!!! =) Very pleased. I guess people were itching to trade after the three day weekend. Remember: the higher they go, the harder they fall.

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PocketPAT

So far, the Power ETrade iPhone app is pretty cool. I like how I can save order drafts for easy sending at a moment's notice, much like I can on StocksToTrade =) .. So just like on STT, I can prep orders for all morning watchers and wait to see which one pops off. Then I can quickly select that order for quick submission. #NoFumblingAround

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PocketPAT

Considering using STT for planning and strategy, but making executions through brokerage apps on my phone. This accomplishes 1) never accidentally using an account that has run out of day trades (because I’ll have to CHOOSE the specific app each morning), but 2) not mixing execution platforms between STT, ETrade Pro and/or Thinkorswim with my laptop CPU going “jet engine”; and also 3) alleviating the execution delay from STT and sometimes wondering if my order is pending or got filled (sometimes STT doesn’t register the status in the order box and just randomly says “completed”) by submitting orders directly at the source (iPhone apps). The apps also are very straight forward with what I want to do (make executions). Not too many bells or whistles, just: action, quantity and price. Going to test it out this week with micro-positions to see how it goes. Testing STT execution time again this week as well.

Bingtrader16
Bingtrader16 Apr 21, 9:50 PM

Can you have Etrade Pro if you are under 250k?

PocketPAT
PocketPAT Apr 21, 10:17 PM

@Bingtrader16 yep. As long as you have an account with them, they told me that you can get Etrade Pro upon request. It’s available to download from their website, but you have to call them to get it activated and you have to be an “Active Trader” (you have to tell them that you’ll be trading more than 30 times per quarter).

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PocketPAT

Feels really comfortable having ETrade Pro up and running on my main laptop screen, just to monitor activity and order fills from coming StocksToTrade; just in case StocksToTrade crashes mid-trade on my big monitor. I'll be able to easily switch to ETrade Pro to finish the trade within five seconds.

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PocketPAT

Best play this morning was FCSC. Dipped down to my designated support level t 2.70, but decided to just watch. Profit Potential: $440-700 (2200 shares). 2DR entry was expected at the same buy level of 2.70. Playing initial dips only, but studying the 2DRs for after PDT. Testing out StocksToTrade execution speed with my ETrade account =) .. Feels good. Reconsidering Interactive Brokers for the second account instead of TDAmeritrade, just for StocksToTrade compatibility.

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PocketPAT

Finally got ETrade funded and ETrade Pro setup up. Ready to rumble. Still need to fund my TDAmeritrade account *SIGH*. Gonna trade micro-positions via StocksToTrade tomorrow and next week to make sure everything is good. Then, it's off to the races. Glad I'm refocusing on my fundamentals to keep myself prepared.

goldman
goldman Apr 21, 12:41 PM

@PocketPAT , may I know your initial trade fund? Hope you could share...

PocketPAT
1
PocketPAT Apr 21, 12:56 PM

@goldman I’m starting with $15,000, split between two accounts.

PocketPAT
1
PocketPAT Apr 24, 1:11 PM

@goldman I’ve only papertraded on StocksToTrade as of this point. I haven’t used my TDAmeritrade account yet, but I’m starting with my ETrade account now.

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PocketPAT

Sitting here going through the lessons learned today. One thing I've noticed during executions is that it helps to 1) identify where you WANT to get executed and setup the draft order with your finger on the trigger and 2) WATCH LEVEL 2 to see when your preferred order size becomes available under the Ask so that you can submit your order for the easy execution. Like, if I want 10,000 shares, I can wait until Level 2 hits my buy area and a seller for 12,500 shares pops up. Ideally you can submit your order and let it get filled in time, but if a seller pops up with all of your proposed position, it's likely (at least in my experience) that it'll get filled in a half-second. We'll see how ETrade handles it when I start using real funds.

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PocketPAT

UGGHHH. Wire transfer won't complete til Thursday lol... Welp... Paper trades most of next week then. Feeling good about this! On the phone with ETrade for 20 minutes while they explained a few things that I actually didn't know. Downloading Etrade Pro in a bit. Feeling reeeaallly good =)

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PocketPAT

Just realized that it's pointless to plan for 75% account size positions when my overall equity will be split 50/50 into two separate accounts lol. Also, deciding to go with a new E*Trade account first over using my current TDAmeritrade account. I don't feel confident using StocksToTrade for executions. I may test it out, but I've noticed a few glitches when executing paper orders and STT Support doesn't seem helpful in maneuvering them. Plus, I like the idea of using the official broker platform, because it'll help me keep track of how many day trades I have left. Three on PLATFORM A (ETrade Pro) and three on PLATFORM B (maybe Thinkorswim). I'll start executing through ETrade next week with microsized positions to test out my consistency and then size up maybe on the 15th if everything is going smoothly. I'll only be using real trades with one account until I can fund the second in about 2-4 weeks. Still paper trading with the other three trades for each week in the meantime. Master the simulation, automate reality.

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calvinw

Overall good classes by Tim and Mark this week. Didn't buy as I am more into learning and establishing my study habits. Plus, don't want to get burned out... Will complete the initial syllabus of DVDs hopefully by the beginning of the week into Monday. Of course, the 6th Pennystocking Conference is intertwined with the TIMDicators DVD, which will take me a couple weeks to learn. Also I keep hearing about the new "Part Deux" DVD. Accomplishments: 1. DVDs. 2. Read Tim's "An American Hedgefund" 3. Viewed very few video lessons due to viewing all DVDs. 4. Have participated in most of the classes and webinars since my 1.5 month inception into Tim's Challenge. 5. Set up and funded my ETrade Account. To Do (...over April and into May/ June): 1-4. TIMLines/ TIMDicators/ Spikeability/ Trading Tickers (Tim Grittani: "Yes Tim, I also enjoyed watching WSOP w/ Chris MoneyMaker). 5. Start watching incorporating more lessons (doing my own watchlist) as Tim post them. I think I am starting to get the gist of some of the patterns now, as Tim discusses them. They will make more sense... 6. Watch "Trader's Checklist" (hopefully this will put a lot of the thoerys and practices by the gurus into more perspective. 7. Re-watch 'Pennystocking Part Deux. 8. Purchased Jamil's "The Complete Pennystocking Course" 9. Start preping emails w/ questions to Jared S, & Co/ Gurus (re: misunderstandings or just general Qs to the lessons). 10. Start learning Etrade platforms, and with successful trades, look into doing the "7 day" $1.00 Trial for STT. (it seems critically essential, and all gurus stand by it along with most guest speakers in the conferences) 11. Will ONLY trade when I absolutely understand the patterns... Man!!!! Just realizing how seriously far that I have to go, YIKES! But I am understanding the teaching, but not retaining them. I suppose after completing my To Do: 1-4, "Pennystocking Part Deux", the patterns and Video Lessons will start to click... Hopefully will be ready by July :) If anyone actually read this, good for you. I am just trying to leave myself a somewhat testimonial of progress and journal. What have I learned (key word here: "retained") so far. DON"T LET UP ON STUDYING... & BE VERY PICKY AND NOT TO FORCE TRADES... There's a lot more, but this seems to be my initial reactive thought off the top of my head. Enjoy April everyone and I do believe that Spring is here. Study but play hard my Challenge friends and family.

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JeepTrader
JeepTrader Apr 13, 18 12:47 PM

Yes, actually read it. Good luck & study well!

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merryvinson

@timothysykes Tim - just bought your course and I am very new to this. Joined your course because of my brother who is doing day trading and loves it. I am going through the videos but I don't see a video that will show me the very basics as to how to buy and how to sell. I just opened an account with ETrade. TIA for your time

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Ssolax
1
Ssolax Dec 21, 17 6:08 PM

Find your pattern and you'll do fine

ProfJoseph
ProfJoseph Apr 11, 18 3:43 PM

@Ssolax i don't know how and where to start from though i have finished watching Tim's videos but i don't know where to start.

merryvinson
1
merryvinson Apr 11, 18 10:51 PM

@ProfJoseph email me at merryvinson@gmail.com. I found Tim Grittani’s video is very helpful.

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klimoo

Hello everyone , (Tim my personal Golden greetings), Question to "Robinhood'ers" I understand that the platform is childish, but I'm new and without commission it's easier start for me understand business. ....... within a month I buy and sell only through a limit order (according rules word best stocker Tim Sykes). And Every Time-Every my transaction "Robinhood" divide in-Partial Execution Order. For example, I buy 100 shares through the limit buy they give me a 5 on my price & after that the price go down, I go out after that I again go into the game with new price and again they cut my shares and so on..... Sale situation Is identical and That constantly repeated with every my stock. ...My guess is "Robinhood" trying deeply filtering(controlling) stack transaction for own advantage. My question to people who trading on "Robinhood" platform: 1.Did you meet with such a situation before? 2.Whether it meets on professional platforms like ETrade,TD Ameritrade? Thank you.:)

LondonTru
2
LondonTru Apr 22, 17 10:56 PM

though rh was commision free. i thought it lacked in some areas, but not until i got etrade. its 1000x better bro im in the class too. i always got my trades executed with all shares but some ppl have mentioned other problems. Once i have 2k i switched bc it made more sense to me. plus you dont really know the tickers that are hot for that day. on etrade mobile you can see everything bro trust me. ive only been trading 2.5 months.

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