PocketPAT

Sidenote, ThinkorSwim is jumbled as f***. *SIGH* I haven't used it in a week or so and I was like a ninja, closing this and minimizing that during my trade this morning. Heart palpitating "MOVE, WHY ARE YOU SHOWING ME THIS NOW!!!". WAY too many menus and sections to navigate through. ETrade Pro is SOOOO much easier to use. I have it setup so that it's literally ONE SCREEN that shows everything..... meanwhile, TOS has NO CUSTOMIZATION. Terrible. I can't WAIT to get over PDT so that I can dump TDAmeritrade/ThinkorSwim. Smh, but it'll do for now =) #Patience

Join now or log in to leave a comment
PocketPAT

Hmmmm... Conversations on the way home from the gym: I’m starting to reconsider sizing in. It makes perfect sense once over PDT, but with 3-6 day trades, sizing in with two trades per ticker may not be worth it. I currently have two trades left on ETrade til tomorrow and one at TDAmeritrade til Friday. I’d feel more comfortable with more bullets in the chamber. I think I’ll use $2k til I’m consistently profitable, then raise my positions to $3k til I've doubled my account size; then I’ll increase positions again to $4k til I’m over PDT. This way, I’ll have six bullets in the chamber each week and can still practice great risk-management =) ------ I'll save size-in's for when I'm in a ticker that REALLY spikes and I'm up from way down below. At that point, a size-in would be super profitable. Other than that, I'll stick to singles (technically sizing in would take my position from a single to a double).

Join now or log in to leave a comment
PocketPAT

Small (-$30) shakeout on FRAN at ideal entry for the Multi-Dip Recurl. Was looking to cut losses EXTRA quickly if it didn't bounce immediately and I'm so pleased that I did =). I'm trying to reestablish my discipline in Multi-Dip Recurls after a few small losses from stupid trades and bad habits (from experimenting with other setups over the past couple of weeks). Decided to just post trades in bulk like I see a lot of traders doing on here. Makes sense. I need to focus more on trading than posting. NOT GONNA LIE!!! I'm seriously contemplating leaving TDAmeritrade and just combining all funds under ETrade for just three day trades. ETrade PRO is SO MUCH better than ThinkorSwim LOL. I don't know, everything is just all on one screen, I don't have to navigate between "Trade" and "Monitor" to manage positions. Three day trades just feels like not enough though. Even though I typically only trade 3-4 times per week, I just like having the ability to trade six times. Although, only having three trades would make me focus on only the best ENTRIES of the best plays...... Hmm..

dag_duglas
dag_duglas Jul 17, 11:42 AM

You can convert your account to a cash account under which there is no day trade limitation but you can trade till you have settled cash in hand

PocketPAT
PocketPAT Jul 17, 11:52 AM

@Divye interesting, thanks. I've just looked into this, but I've already decided to keep things as they are now with TDAmeritrade. No need to change the program, I should just focus on being a better trader.

Join now or log in to leave a comment
PocketPAT

Everything was so choppy this morning. Top watcher was TYME. I hesitated at the support point of 0.43 and missed the bounce. Profit potential was $1,080 (4k shares from 0.43-0.70). These plays are getting extremely close to execution though. I think I'm going to add $3k to TDAmeritrade, to have $6k in each account.

Join now or log in to leave a comment
PocketPAT

VTVT double-bottomed just now and is attempting to break above resistance at 1.70; but honestly it's broken too many levels to regain my trust today. I only have one trade left this week under TDAmeritrade, as Interactive Brokers will not be done processing funds until about Tuesday; so I'll save my last trade for a potential play tomorrow morning =)

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
PocketPAT

Got my overall equity up to $12,000. Need to sell a few more things to get completely funded at $15,000. Decided to swap Interactive Brokers for TDAmeritrade. I like TD's trader app and I've gotten used to to for managing my real-time alerts. Plus, ThinkorSwim feels easily to navigate than IB's Trader Workstation =) ... Now I've gotta suffer through 7-10 days of transferring funds around to get my TD account replenished *sigh*.... Patience, patience, patience.

Join now or log in to leave a comment
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).

Join now or log in to leave a comment
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 =)

Join now or log in to leave a comment
Page
of 4