Ninjafung

Tried to connect my Interactive Brokers account to verify all my trades but Profit.ly says it doesn't support IBKR. I tried submitting login credentials as the instructions said and I got an error. My first trades since signing up have screen shots, but it was just getting so tedious doing that for every trade so I gave it up. So, basically this is my disclaimer that all of my trades are legit and accurate, as you may believe looking at my stats haha! But this journey on Profit.ly began in September 2020 and tons of studying is beginning to halp my consistency and knowledge. Good luck trading to everyone, I hope to start chatting with the community more, connect, learn, laugh! Cheers!

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figmentor

Tim, I earned 17.6% in 13 minutes on WIMI just before close. Thanks for the tip! I was not able to get in on GAXY because Merrill has that on a restricted list. I'm not real happy with them and am thinking of switching to Interactive Brokers. Comments?

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LibertyBelle

Accountability post 04/13/2020-04/28/2020 I watched and took notes on all 13 Challenge Orientation Videos in the student portal. I watched and took notes on 3 of the DVD's on profit.ly: "Penny Stocking Part Deux," "Penny Stocking Framework Part Deux," and "Spikability." I signed up for E*Trade, Interactive Brokers, and TDAmeritrade (to get access to Think or Swim paper trading). I already had a brokerage account with Charles Schwab, but I only have used that account for traveling since they don't charge ATM or foreign transaction fees on a high yeild investor checking account. I have never traded before. I will probably use E*Trade, and I have already moved my trading money into that account even though I don't plan on trading for real for at least a month. I signed up for the Stocks to Trade trial a few days ago, and I went through all of Tim Bohen's Getting Started lessons in STT University. I really like this stock scanner, but I am hesitant to subscribe. The fee is daunting to me since my only income at the moment is coming from unemployment. That might be something I can get when I start profiting. Meanwhile I'll have to learn a more affordable platform. I watched all three live webinars last week (Tim Lento, Tim Sykes, and Mark Croock). I watched Tim Lento's live webinar today, and I plan on catching Tim Grittani's webinar later this afternoon. I have reminders set for the webinars scheduled for tomorrow and Thursday as well. This week I have made it a point to open chat at market open, and I have been following the other traders in the room as they discuss their trades. I have been paper trading some of these trades to learn the mechanics. I have been making a lot of mistakes, but I'm learning from them and it's not a disaster since I'm trading with fake money. I've played with E*Trade, Think or Swim, and Stocks to Trade. Stocks to Trade has been the easiest one for me figure out, probably because of the tutorial I watched. I have been living and breathing the material these past two weeks, but I know I am only scratching the surface of things that I need to know to succeed at this endeavor. I understand the basics of trading and the stock market, but there is definitely a lot of room to build on top of that knowledge. I'm looking forward to the journey!

hpac912
hpac912 Jun 22, 1:29 PM

Hello LibertyBelle

hpac912
1
hpac912 Jun 22, 1:30 PM

I'm in the same place you are I haven't really started any accounts yet this is just my second week. I get the concept and my next step is to begin checking out the paper trading.

LibertyBelle
LibertyBelle Jun 22, 2:35 PM

@hpac912 Hi! There's so much to learn. I have the basic concept too, but when I trade it flies out of my head. I think that's why Sykes emphasizes watching the videos over and over. I don't think I will really get it when I'm in the heat of the moment until the patterns become automatic. I have been struggling with the emotional side od trading the most lately. Watching "Trading Tickers" right now. So far it's my favorite DVD. Grittani organized his info very well.

hpac912
hpac912 Jun 22, 2:59 PM

Hi, I do understand what you mean about the emotional side of trading. I'm struggling in that area also. I will check out Trading Tickers. I'm about to check out Candlesticks by Steve Nielson. Grasping the terminology is challenging. It's learning a whole other language.

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PocketPAT

Was looking to re-fund my Interactive Brokers account for three additional day trades (to make nine total per week = two per day Mon-Thu and one on Friday) but was disappointed to see that IB closed my account a week prior. They did this apparently because not only did I withdraw all funds to stick with just two accounts, but I also unsubscribed from their Level 1/Level 2 data plans. I could have "requested" that they reinstate my account (only after resubscribing, of course), but I was put off by the fact that they went so far as to CLOSE the account........ I've been looking into WeBull, given that many traders that I follow on YouTube love and speak highly of it. I decided that this was a grand opportunity to finally check it out for myself. After all, I really only need a third broker until I get over PDT (which should be the next 6-8 months). After that, I would stick to ETrade for day trading and later on TDAmeritrade for swings as well. I'm fully invested in their platforms. Today was my first experience trading with WeBull, using the $1,000 that they give you while your deposited funds clear. At first, I was going to only use one day trade. This way, I would still have two trades left to use with my full equity in that account when funds clear tomorrow. But with FCEL running so nicely, it occurred to me that only using $500-1000 per trade was enough given it's volatility during huge run-ups. Yesterday, I'd only felt comfortable using $500-1000 on FCEL and it turned out to be the right choice. FCEL is the only fast-moving slow-mover that I'd be willing to trade. Long story short, WeBull is fantastic, but the slow P/L updates during trades was definitely not my cup of tea. Executions were.... pretty quick, especially for fast-moving FCEL; and I've decided to keep WeBull as the temporary third broker. Even after I stop using them for trades, I'll continue using the free tools to watch up to six tickers in the background. BUT--- one critical thing that I'd noticed today was that after sizing in on FCEL (and exiting the trade) I still apparently had two day trades remaining. With the sketchy P/L lag, I chaulked this up to them needing more time to account for the second day trade. On both ETrade and TDA, two entries (even into one position) sold on the same day count as TWO day trades. I've previously heard from Kyle Williams directly that Interactive Brokers allows sizing into trades to still count as one day trade, though I'd never gotten the opportunity to test it out for myself. Apparently, this varies from broker to broker and I suppose that WeBull is one of those that count multiple entries into one position as a single trade. This changes the game for me, as it sunk in about ten minutes ago that I could now size-in twice all five days of the week on the same account. Previously, the plan was to use two trades for ETrade and TDA on Monday and Tuesday, two trades from the third broker on Wednesday, one of two SEPARATE brokers on Thursday (not sizing in, just different trades) and just one left on Friday. The limitations in this strategy were that for the 4th and 5th days, I would not be able to size-in on trades. As a result, I would simply trade with either half or full-size on those days; but if WeBull is counting multiple entries as one trade, then this means that I could size-in with them for the last three days of each cycle. This takes my low risk/huge reward strategy to an everyday level. In the end, I only typically trade 2-3x per week anyhow, but with this new ease of entry, I may be willing to speculatively enter more trades; not to mention the fact that my new 1/3 to 3/3 sizing method makes achieving 5 to 1 or better risk/reward much easier than ever. Trading FCEL today, my small-loss stop-out for the 1/3 initial entry was 20 CENTS down. For FCEL, that was so low that it wasn't even visible on the chart--- for a SMALL loss. #StrategyandExecution #BrickByBrick #Ninja

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SlavicV

The secret is in shorting. Just evaluate dux's past trades and you'll see it for yourself. Other than that it's simple resistance and momentum trading. The hardest part is finding a broker that has shares to short on the daily running stock that's up 100%. @dux where do you find most of your shares to short? I'm using Interactive Brokers and they never have shorts available on the daily running penny stock.

Received 6 Karmas
Dzrock9
3
Dzrock9 Jul 29, 19 6:59 PM

Its not all about shorting. Its just what dux is most comfortable with

olli400
5
olli400 Aug 18, 19 12:04 PM

There is no secret - the longer you think there is a secret the longer you'll implode your account

Bobbemornee
Bobbemornee Nov 23, 19 2:12 AM

I want to learn to make money

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