elisabethwelsh

Frustrated with my broker (Schwab) - I tried to buy HXHX at $0.96 and my broker said I had to call them. I got a machine. It just wasted my time and wouldn't place the trade. Now it's at 1.40. Grr. Just had to let that out. Overall it was a good day. I made bad choices with LHAI overall, and I sold all of my winner way too early. Several of the issues I bought on Friday took small dips at he market open and so I sold, only later to watch them revive by $2 a share. But, overall, it was a good day where I made more than my maximum goal. So, it has been a good trading day.

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elisabethwelsh

Tim said there'd be days like this. So, I'm on Schwab. Yesterday we all ended the day thinking that yesterday had exciting trades from the pre-market through the day and planned to get up early and trade in the pre-market. But Schwab doesn't open until 7:00am for their pre-market trading. Anyway, I got in there and had already missed the start of some good trades. I tried to chase several trades. I took a couple of wins, some losses that were big for me, and several sideways trades that were slight plus and minuses. I'm posting all of my trades in part to drive home the lessons they have taught me. Number one I did well yesterday - sell losses quickly. I went and got some tea this morning and had one stock go very low in both accounts I trade in while I stepped out of the room. I guess this morning I didn't adapt to what the market was telling me. I tried to force the trades. Now I am hearing Tim Bohen's voice saying don't trade until 9:45 with clear signals from Oracle. And I hear Tim Sykes in the last twelve seconds of the middle DVD of Spikability saying,"Think about your risk of loss before you think about your potential for profits."

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TboyCash

well, going through some life changes of my own, this is the other part of what makes trading so hard, its not easy to focus when you have a Lot going on in the daily life, but i will try my hardest to make this happen and to make it work. closed off Charles Schwab (trading) and will only focus on CPRO. this is how October ended for the account on Charles Schwab for the month of October. down a total of 8k in my profitly chart..can i make a come back? can i really do this? these are the question going through my head right now...

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TboyCash

SUNDAY, going into october 20th... well i have a new broker now, i needed to be above that hideous PDT and also the restrictions of a cash account. so i took 5k and went to CPRO (capital markets). and already tried it this friday and loved it, im notm saying that becasue of this new broker i will now be profitable, i need to work on lots of things i know, but im on it. i need consistency, anyways i left 10k on Schwab to trade as a cash account. so..lets see how october ends. and also starts.

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B00m

I'm on the phone with Charles Schwab right now. Somehow I transferred my account . I got finned $6oo for a short sell on MSGM. Nobody has taught me how to short sell . I don't like Schwab .

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B00m

WTF I don't understand this shit. I login and start cashing in and Charles Schwab put an equity call on account gave me the title of a day trader. What did I do wrong ? I in need of that money I'm in the misery of moving in this hot ass San Diego weather . I'm missing everything. Schwab says I have to have $ 25,000 in my account in order to do any more trading. somebody please help . I need the info to leave Charles Schwab .

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TboyCash

So with that said, i will be Practicing-trading in a simulator on DAS-Schwab. to practice execution and understand better the price action. why risk real money and trade under the PDT where you cant really trade to understand better the price action, because of fear of losing the trade. plus to me its just stupid. the sim, if taken seriously can be a game changer BIG time. i think it so, too much money have i already blown out to keep doing the same crap again and again. sykes teachings' are great but, one Big part of it all, comes with the execution in my part. I will try to record from now on, my trades sessions of the simulator so, that i can review always, bad trades or good ones. all of it, to try and learn where is the missing part in my trading that needs to be fixed. So here its how it will be, PART 1 trade to learn execution regardless of winning or losing, it doesn't matter. PART 2, once i learn how to execute properly, i will then look to learn, where my edge is, and like i said, i want to focus on the #5 patterns. PART 3. with 1 and 2 mastered, then challenge myself to grow a fake account. or much rather say, find the CONSISTENCY and try it for 2 months. if all goes well, all i have to do is switch to real money.

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ramitko

Up to this point I've been paper trading, which has been great. It's allowed me to be less reckless, more attuned to what works and what doesn't, and put certain practices in place, but I feel like I need to start putting some skin in the game while also getting accustomed to real orders with the broker, and practicing. Completed section II of Complete Penny Stock Course, along with the 30 day bootcamp, and Challenge Orientation + Homework. Admittedly, I still have a LOT of stuff left to study, but I feel like I've been making good and consistent progress. Complete transparency, I have >$80k in my Schwab account to start, however I'll be pretending as though I have $25k, risking no more than 1% per trade.

ramitko
ramitko Dec 16, 24 12:46 PM

Hah - I actually went through several brokers, including E-Trade, before finally landing on Interactive Brokers. I hate IB for charting, so I use STT for my in-depth charting, but I really like the amount of control I have with my orders on IB.

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rey_11

*Month Recap: Another milestone in the books! I’m officially over PDT! The month started out pretty well then took a sharp decline due to unforeseen circumstances (Wifi down), which, from what it sounded like, came at a good time as the market screamed to the downside from worries on the new Covid variant. Momentum, volatility, and volume have all been super low or even non existent it seems in OTCs. Another big thing to note for my future trading would be that I’ll be switching brokers from Schwab to Fidelity as Schwab will now charge $6.95 per OTC transaction. In light of this I will also be switching from a cash account to a margin account, due to PDT now realized. Month ended pretty well despite only having 3 trading days the last week and a half. Gain loss analyzer shows I’m still trading in my sweet spot. I’ll be really missing this for future recaps and personal accountability. I’m posting my YTD chart via Schwab as I’ll be no longer using its features. Still on the sidelines for now, waiting for my transfer to Fidelity to go live, which will hopefully be a good decision. Next milestone for me is 50K. LET’S GO!!!

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DLT

BTW - I *did* manage to import my Schwab acct stats ..... they're just a pain to do because it doesn't accept excel csv files for some crazy reason. You have to hand-create a text style csv file.

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BryanV

Hey dude, I'm grinding through the video lessons and I see you in the comments. Keep it up and good luck. I'm not an expert, just now am I starting to make back losses but the screenshots are nice, I try doing this too. From looking perhaps try buying the initial all day high breakout at the level and risk off the same level to prevent large % losses. Don't buy a stock at its highs or uptrending and think it will keep going up for whatever reason, I would get burned every time doing this too. If you are considering a dip buy, perhaps wait for 1-2 green candles to show it might actually uptrend more. You make less because you might have to wait for confirmed price action, but it increases the odds. Last thing dude, I have been very happy using Schwab and switched here from TD. No commissions buying OTCs with Schwab although I think they do charge foreign stock commissions too.

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