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).

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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 =)

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PocketPAT

Best play this morning was FCSC. Dipped down to my designated support level t 2.70, but decided to just watch. Profit Potential: $440-700 (2200 shares). 2DR entry was expected at the same buy level of 2.70. Playing initial dips only, but studying the 2DRs for after PDT. Testing out StocksToTrade execution speed with my ETrade account =) .. Feels good. Reconsidering Interactive Brokers for the second account instead of TDAmeritrade, just for StocksToTrade compatibility.

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PocketPAT

Finally got ETrade funded and ETrade Pro setup up. Ready to rumble. Still need to fund my TDAmeritrade account *SIGH*. Gonna trade micro-positions via StocksToTrade tomorrow and next week to make sure everything is good. Then, it's off to the races. Glad I'm refocusing on my fundamentals to keep myself prepared.

goldman
goldman Apr 21, 12:41 PM

@PocketPAT , may I know your initial trade fund? Hope you could share...

PocketPAT
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PocketPAT Apr 21, 12:56 PM

@goldman I’m starting with $15,000, split between two accounts.

PocketPAT
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PocketPAT Apr 24, 1:11 PM

@goldman I’ve only papertraded on StocksToTrade as of this point. I haven’t used my TDAmeritrade account yet, but I’m starting with my ETrade account now.

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PocketPAT

Just realized that it's pointless to plan for 75% account size positions when my overall equity will be split 50/50 into two separate accounts lol. Also, deciding to go with a new E*Trade account first over using my current TDAmeritrade account. I don't feel confident using StocksToTrade for executions. I may test it out, but I've noticed a few glitches when executing paper orders and STT Support doesn't seem helpful in maneuvering them. Plus, I like the idea of using the official broker platform, because it'll help me keep track of how many day trades I have left. Three on PLATFORM A (ETrade Pro) and three on PLATFORM B (maybe Thinkorswim). I'll start executing through ETrade next week with microsized positions to test out my consistency and then size up maybe on the 15th if everything is going smoothly. I'll only be using real trades with one account until I can fund the second in about 2-4 weeks. Still paper trading with the other three trades for each week in the meantime. Master the simulation, automate reality.

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johnnybegood68

I’ve been trying to learn about trading. I have an account with TDAmeritrade. Don’t have a broker. Made a few stock purchases before I found out about Timothy. I’m now wanting to make enough money to become one on his students. I’ve only been doing this for about 3 months. My stocks are USRM, NNOCF, and CRMD.

+1 Karma

SKYisDLimit
SKYisDLimit on: Apr 15, 18 4:20 PM

ARE YOU IN ANY CHAT ROOM? WHAT SERVICE DID YOU PURCHASE? WHAT STOCK BROKER DO YOU USE? DO YOU UNDERSTAND SHORTS? HOW LONG HAVE YOU BEEN TRADING?

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johnnybegood68
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johnnybegood68 Apr 15, 18 4:39 PM

I haven’t joined profit.ly on a paid membership as of right now because I was told it would be better to save my money to become a student. So I’m on the free version.

fajr37
fajr37 Mar 12, 12:39 PM

l also have to Ameritrade tries to make a few trades and they wouldnt go thru, upsetting because l xouldve a few $, frustrated.

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EarthShadow

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.

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xbows

@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.

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MichaelGoode
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MichaelGoode Jun 13, 17 10:40 AM

IB isn't as good as Centerpoint but they are better than Etrrade. TDA is just horrible.

xbows
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xbows Jun 13, 17 10:56 AM

Yeah I opened the etrade account specifically for shorting but so far am striking out. Might close it and try VenomTrading instead, which clears through IB. Hate to have to focus on long setups only, as shorts seem way easier to profit from. Thanks.

MichaelGoode
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MichaelGoode Jun 13, 17 11:02 AM

Yes, Venom Trading is another good option if you don't have the money for IB

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xbows

@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.

xbows
xbows Jun 13, 17 10:42 AM

I mostly trade nasdaqs >$1 btw

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