PocketPAT

In and out for an exact scratch on BPMX with the MDR. Tried to reenter at 1.01 but it ran without me. Just gonna watch and see how this one pans out. Very clean dips down to key pricepoint 1.00. I really wanted it at consolidated support around 0.95, but at the same time if it breaks below a key pricepoint of 1.00, it may never be able to break back above it; so that's why 1.00 is a better entry. This theory proved correct as it truly bounced from there, but the bounce isn't nearly as explosive (price or volume) as I'd like, so it's not the best position to hold for very long at all. With 5k shares, just 0.15 cents would have profited $750. Great trade, as I got a little experience getting a partial 2600 and then 3100 share total fill with ETrade, having to cancel the remaining of my total 5000 share order. So now I know how to do that =) . Sharpening the knife!!! Better every day!!!

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PocketPAT

I've been averaging trading only three days per week for a month or so (given my schedule and quite simply there not being perfect setups every single day). This seems to confirm that six day trades should be enough, even for *potentially* sizing-in (blegh). Interactive Brokers seems cool and there are certain aspects that I've come to like in my limited time using Trader Workstation; but ThinkorSwim has grown on me and I am IN LOVE with ETrade Pro... I'll stick to just two accounts and after getting over PDT, I will GLADLY combine everything under ETrade =) =) =) --- Round of applause for StocksToTrade, as it hasn't crashed in nearly two months (it definitely crashed multiple times per day before that). Could be the updates, but I largely suspect that it just isn't ready for broker integration. As soon as I removed my brokerage accounts (and you have to click remove AGAIN after they disappear to remove them from the background), it began to move at lightning speed, with not even one error message, started loading much faster and yeah; it's not crashed even once. So I'm pleased =) ... My trading tools are fitting like a glove!!!

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PocketPAT

LOL ... I will NOTTT buy this confirmed bounce........ I will watch..... and take notes for tomorrow =) *closes ETrade Pro* =) =) =) HNNNNNNNNNNNNNNGGGGGGGG!!!!! O_____O

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PocketPAT

The only watcher I have so far is LGCY. It's down off of it's highs, but near multi-term support at 0.50. I will be looking to enter a dip buy there, either on the initial dip or on a Multi-Dip Recurl. Should it break that level, all bets are off in my opinion. If it can truly bounce from there, it has plenty of room and little resistance to double if not triple. Yesterday was a very solid FGD and it has a couple minor resistance levels to break, but it's a former runner, biggest % gainer, up on news. Although, judging my the Market Cap and Float, this ticker may take all day to run up. Looking at the chart from yesterday, it's a slow mover, which makes sense based on the previously mentioned fundamentals. I unfortunately don't have much time to be in the market today, and since this is the only watcher for me, I'll just scrap today altogether =) ... I'll keep LGCY up though, to see later whether or not my theory panned out. Wont be able to trade tomorrow either, but that's ok since I'll still be waiting for ETrade to free up a couple day trades anyway. I need to catch up on my video lessons, so I'll take the time off to do that instead.

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PocketPAT

OBLN is setting up a nice #2 Mid-Day Perk Pattern =) =) =) ... Now we just need an hour or so of consolidation to form the solid support level. --- I just got in once it broke out over 1.49, but it was a fakeout breakout so I cut for a break-even *sigh*... Higher highs though, so now I'll look to enter only at 1.58 over the main HOD. Only one trade left for TD Ameritrade and Interactive Brokers isn't funded yet, so this last one has to count until ETrade frees up some trades in a couple of days. --- On second thought, even if OBLN breaks out, resistance is just a couple of cents away from last Thursday. I'll save my last trade for a better setup. Two trades is more than enough for one day =) ...

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PocketPAT

You know what! ThinkorSwim ain't so bad =).... I'm out of day trades over at ETrade, so I'll be using TDAmeritrade and switching to Interactive Brokers later this week (if I can get them funded in time). I need to get comfortable using all three platforms. Watchers This Morning: SBOT, OTLK. ----- After qualifying both, SBOT isn't REEAALLLY a strong FGD (it's choppy with the up and downs) and it's down off of it's highs. It could breakout again and that's what I was looking for. It IS technically breaking out right now, but there's no news and volume is atrocious, so I'll be scrapping this ticker today. OTLK is looking super promising in premarket.

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PocketPAT

Hmmmm.... Starting to strongly consider revisiting my original bread and butter setup: The Initial Dip Buy (at the open).... Technically I did make $6k+ on it and while it WAS through paper trading; if I can manage the execution speed, with small position sizes, I could 1) grow the account slowly and 2) setup morning cushions for potential Multi-Dip Recurl losses for overall break evens on the day..... I'm definitely going to try this out next week with micro positions, just to get used to the speed and volatility again. My executions at ETrade have been super fast and SBOT was a perfect example today of a potential $400 gain on the first dip bounce. Notably, there was consolidated support immediately at the base of the bounce. That's what I would ideally be looking for to support myself.... Hmm.

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PocketPAT

It actually feels like a really great idea to use all three of my accounts. ETrade and TDAmeritrade for Multi-Dip Recurls (6 Day Trades) and Interactive Brokers for Overnight OTC FGDs (3 Day Trades). This way, I don't have to worry about losing day trades from failed Overnight OTC FGDs in the afternoon because 1) I won't be trading them too many times per week and 2) if I need to exit the position, it won't take away day trades from my primary accounts.

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PocketPAT

Finishing out this week at 1/3 of my weekly profit goal with a $381 equivalent. Only three trades though: one single and two scratches. All considered, it was great week!!! These last couple of practice weeks are going swell. I've completed 4 of 10 practice trades and should be done with the rest within a week and a half. Each practice trade level is a bit more sized up and it's been very comfortable so far. I'm completely acquainted with ETrade Pro now. StocksToTrade hasn't crashed in weeks, also running extremely smoothly. It's confirmed that six trades will be enough per week. Still need to get some Multi-Term Breakout experience, but the Multi-Dip Recurl is locked in as my daily driver. We're pumping on all cylinders. On to next week =)

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PocketPAT

I love, love, love how quiet, smooth and stable StocksToTrade has been running all week; without any crashes or freezes, even during peak trading volume and Level 2. It was a great decision to split StocksToTrade and everything else with two separate laptops. I think broker integration is what was killing STT for me. It's been excellent ever since I've done the split. Executions are much faster through ETrade Pro as well.

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PocketPAT

NVCN is bouncing for real now from the bottom, less consolidated support level. I'd learned from experience that these less established support levels are much less likely to be used for true bounces; as I've missed many MDR opportunities by trying to enter at them. For this reason, I am pleased with my trade still. Overall, I was right about the setup as it's now bouncing nicely. We'll see how far it goes, but that's three day trades for ETrade so I'll be looking to trade on IB tomorrow if anything pops up =)

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PocketPAT

Sadly, I've had nothing but problems executing orders through StocksToTrade. It WORKS, but 1) it makes STT super laggy, 2) there's an extra delay between STT and the broker for both execution fills (DANGEROUS) and registering green/red chart arrows for visual order reference, 3) the API could be having issues, because ETrade doesn't let you use more than one instance on your account at a time (for example: I can't use Power ETrade AND ETrade Pro at the same time, it logs me out of one when I start the other) which is an issue because STT just freezes up completely when I launch any ETrade platform (TERRIBLY DANGEROUS MID-TRADE) (it's not STT's fault, but it doesn't handle it well by completely freezing or crashing). STT Support told me to reach out to ETrade, I decided to just skip broker integration on STT altogether. All kinds of API errors were popping up on STT from ETrade AND Interactive Brokers... And I really didn't like how STT Support just left it at, "talk to your broker".... Like I said, it'll work, but STT is MUCH MUCH MUUUCH smoother without brokerage accounts linked to it. It loads at least 2-3x faster as well. My biggest question is WHY does it crash/freeze when there's an API or connection issue? Why doesn't it just say "disconnected" like other platforms, but still run perfectly fine? Either way, it's worth more in the long-run to get acquainted with individual brokerage software platforms, as I really don't want to be tied down to using only STT for everything. So I'm very pleased with today's progress =) ... Other than broker integration, STT is phenomenal.... so far. (albeit it still won't save chart markers after closing the software but whatever, that started with this latest update so I'll be waiting for the next one). For anyone wondering, STT is still very much worth the monthly price; and for anyone who would say that I "shouldn't have to deal with these things for the amount that it costs", that's unfortunately a loser entitled mentality that would get me nowhere. I am more than willing to figure out how to make it work to do what it needs to do for me to make MONEY. That's all that matters in the end here.

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PocketPAT

I love executing orders on my 2nd laptop. I'm only running StocksToTrade on my MacBook Pro and it's running SO quietly and smooth like butter (no jet engine CPU). No lagging, skipping, freezing or crashing during my trade today. My HP laptop is high performance, so no worries there. Finally getting really comfortable with navigating ETrade Pro; now I just need to get comfortable with Interactive Broker's Trader Workstation as well. I'll stick to ETrade Pro until I run out of trades and then likely switch to IB on Thursday or Friday. My setup is: STT on my 32" Monitor via a 13" MacBook Pro (for trade planning, strategy and chart monitoring), HP ZBook G3 Studio 15" laptop (for order execution and position monitoring via brokerage platforms, Microsoft Excel and Profit.ly).

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PocketPAT

Just realized, while personalizing ETrade Pro, that OTLK is locked in a consolidation channel. I'll be watching for it to breakout this afternoon as that could have it retest or even break the 3.35 high of day. I wouldn't hold it overnight though, as I don't feel that confidence is high on this one. --- 1:58pm: Now it's testing the support low. If it breaks 2.62, it's pretty much dead....

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PocketPAT

My practice-trading plan for the remaining 2-3 weeks is to complete 10 practice trades: two $500 positions, two $1000 positions, two $2000 positions, two $4000 positions and two $8000 positions. This will help me get used to 1) executing real trades, 2) executing trades through the various brokerage platforms (Power ETrade, ETrade Pro, IB Trader Workstation) and 3) trading with size.

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PocketPAT

After consistently confirming TWO solid setups this week, which both have long-run potential (2DR + #2 Breakout); I've decided that six day trades per week SHOULD be enough, instead of nine. I'm splitting my TD Ameritrade funds between ETrade($8.5k) and Interactive Brokers($8.5k), to start with $17,000 between just two accounts instead of three, for six day trades.

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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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