Nice start to my new small TD Ameritrade account, in at 5.45 out .68, will upload trade as soon as verified is available. Tim alerted the challenge chat with the following: 11:33AMTimChallenge timothysykes [Commentary] POTN bigtime morning panic, potential dip buy here in the mid .50s I noticed the support in the .50s range and grabbed small positions in my IB and new TDAmeritrade accounts, better hold in TDA account, but nice gain for both and help to seeing entry/exit on support/resistance to trade more comfortably and enjoyably. Set risk at .45 and let it sail along for a while.
@MichaelGoode I see you use IB. Do you find they have shorts available? I have TDAmeritrade and Etrade accounts and can never get shares to short which is very frustrating when you find good setups and can't take action. Don't have $50k for CenterPoint or $30k for Cobra. Mostly trading Nasdaqs >$1.
@Arussell125 I see you use SureTrader. Do you find they have shorts available? I have TDAmeritrade and Etrade accounts and can never get shares to short which is very frustrating when you find good setups and can't take action. Don't have $50k for CenterPoint or $30k for Cobra.
So I'm gonna rant for a minute, mainly because I'm a dumbass. My trading day is done now, so I've had a brewski (with prolly a few more to come soon). Okay, so I'm somewhat ashamed to admit that I have been trading from nothing but a smartphone since the start of my trading career...hell it's all I've ever known. I'm very familiar with both of the mobile platforms I've used in the past (eTrade, TDAmeritrade), and dare I say I'm at least somewhat efficient in using both of them. Well starting this May I decided to take my trading career seriously. Moving away from this being just a fun little hobby, into actual potential for long term profits and economic sustainability. So I invested in a pretty dope ass computer, a couple monitors, and decided to ditch my mobile device for a legitimate online broker offering seemingly cool tradiing software. Sounds like a step in the right direction right? I thought so... Computer is great, I just got everything set up last night. Trading software seems great. But the problem is, I am extremely unfamiliar in using a legitimate CPU for trading. I stayed up late last night getting everything all set up, and started exploring my new trading software (Trade Architect by TDAmeritrade). Well in neglecting very much needed sleep, I thought I was prepared and all ready to rock today. I WAS WRONG!! In the heat of the morning rush, coupled with the fact that I am unfamiliar with Trade Architect and wasn't nearly as prepared as I should have been, I sustained yet another loss today. I jumped in late and totally missed the move I was looking forward to. I let what could have been an extremely simple quick easy trade, turn in to a cluster of the utmost fuck nature. UUUUUGGGHHH!! So dumb of me!! I could blame the software, and my inexperience in PC trading as excuses for todays reckless action...but in all reality I was just unprepared. I brought piss to a shit fight and paid for it with my available brokerage funds. Kudos to anyone who got the Silicon Valley reference. I won't let this happen again, I need to be better prepared in the future. I am spending the remainder of my day getting comfortable with my new trading platform and software. PeACE!
Hey @Palmer ! How do you find TOS and TDAmeritrade when you want to short a stock? Do you usually find shares to short when needed? Any good or bad experience when shorting would be very much appreciated :)
[TimAlerts] BTUUQ no shares to short on TDAmeritrade