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?

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!

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.

Hi! I saw your question in the chatroom about CMEG. I've been using them since last August. Here's my review: Takes a little longer than a week to get setup with them. They are state certified in Trinidad and considered a partner of Interactive Brokers. They abide by NASDAQ rules and are in my opinion doing everything right. They have two platforms. I use DAS Pro Trader. It's more versatile than Trade Station. They are dirt cheap when it comes to commissions. $5.90 for a complete trade plus ECN fees of a few pennies. Trades are instantaneous. Customer Service used to be spot on. I mean I could call or text and get an immediate response. That now lags to more than a day. This is because they've grown exponentially. Of course, if you need trade help, the desk will pick up on first ring. You do have unlimited trades (No PDT rule) and they offer staggered margins up to 6:1. Use of margin trading is up to you. Just remember it's risky. The downside is they only accept wires for funding. That means your first couple of funding wires will take 2-3 business days before your account reflects it. Once you build history with them (no margin calls, pay your fees, etc.) they will auto-credit your account within an hour of you notifying them of the wire with proof. Send them a copy of the wire receipt for instance. Bottom-line is I use them every day and have no troubles. Not to mention, the Turks and Caicos make a great vacation...errrrr...business destination to check on your trading activities.

@bwestwood11 Hi, how do you still manage to upload trades with Interactive Brokers? Mine doesn't work. Thanks!

The Interactive Brokers is not supported to verify trades any more on the profit.ly website and Its been over 5 months this issue has been remaining. So i decided to upload all my trades on https://www.tradervue.com/.

@MichaelGoode Hi Michael. You mention on your blog that you do not use TWS anymore, but you are still using Interactive Brokers. I was just wondering if you are using DAS connected with IB or a different broker for the charts and L2 but use IB to execute orders. Thank you.

@Torkers Interactive Brokers are pretty cheap in the industry in general. Maybe someone is cheaper. I would suggest you dedicate a couple of hours work, creating a spreadsheet, with all the price variables, and compare different brokers. There are many fees to consider, so getting a overwiew in a spreadsheet is a great way. Also have in mind (if you prepare to make shortselling) that IB have way better borrows, than Thinkorswim. IB - TSW platform, also comes free. It can really pay to choose the right broker from start, so do the digging. - Link: https://www.interactivebrokers.com/en/index.php?f=1590

@MichaelGoode Hey again Michael, just a quick question, is it a good idea to use Interactive Brokers to trade stocks under a dollar? They charge a per share fee for Canadians ( CAD 0.01 per share, Minimum order $1) and I was thinking if I was to trade tens of thousand to hundreds of thousand of shares of an OTC/NASDAQ stock would the commission fees take most of my profits? I'm kind of confused here whether I should find a broker that charges a flat fee for low priced stocks or just use IB. Thanks!

Time to open a Interactive Brokers account with my tax return and ditch garbage TD Ameritrade.