PocketPAT

Since discovering Heiken Ashi candles, I've decided to try out a new equity split. I'll ONLY trade Support Dip Buys with $3,000 (one entry, no sizing in) for three individual trades at both ETrade and TDAmeritrade. This effectively gives me SIX $3,000 trades per week. Since WeBull allows unlimited sizing into each day trade, I'll size-in over there from $3,000 to $9,000 for three Premarket Gap-Down Shorts each week. Even though ETrade has the most easy-to-borrow shorts of the three, I'll just take what I can find at WeBull, since this equity split gives me the best weekly profit potential. Heiken Ashi candles make these two setups so much clearer than ever before and there aren't perfect short setups every day; so I'll stick to small singles on Dip Buys at support and wait for the perfect short setups to size into full positions. #StrategyandExecution

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PocketPAT

I've decided to change my trading format, as I'm still working out the technical kinks of both shorting and using multiple platforms. WeBull doesn't seem to have consistent or definitive rules on which stocks are shortable or which ones are hard-to-borrow, so I'll only be using them once per week. When building watchlists, WeBull showed CZR as "easy to borrow" until I got a "hard-to-borrow" pop-up on a test order. It wasn't until I restarted the program that it updated to now show CZR as "hard-to-borrow". That's unreliable when I'm trying to plan trades, but the software isn't giving accurate and real-time information on what shares are available to short and the terms enforced. The other four days of the week will now be split between ETrade and TDAmeritrade. Both have far more easy-to-borrow shorts available over WeBull and so I'll see how things work with using two trades on Monday, one on Tuesday (at ETrade); two trades on Wednesday, one on Thursday (at TDA); followed by just one at WeBull on Friday. I currently have $16,000 in equity; so I'll leave $3,000 at WeBull, splitting the other $13,000 between ETrade and TDA. I'll size in half/half on Monday/Wednesday with $3,000 to $6,000 and just use $3,000 on Tuesday/Thursday/Friday. Every time you face an obstacle, chances are there's a way around it.

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PocketPAT

Was looking to re-fund my Interactive Brokers account for three additional day trades (to make nine total per week = two per day Mon-Thu and one on Friday) but was disappointed to see that IB closed my account a week prior. They did this apparently because not only did I withdraw all funds to stick with just two accounts, but I also unsubscribed from their Level 1/Level 2 data plans. I could have "requested" that they reinstate my account (only after resubscribing, of course), but I was put off by the fact that they went so far as to CLOSE the account........ I've been looking into WeBull, given that many traders that I follow on YouTube love and speak highly of it. I decided that this was a grand opportunity to finally check it out for myself. After all, I really only need a third broker until I get over PDT (which should be the next 6-8 months). After that, I would stick to ETrade for day trading and later on TDAmeritrade for swings as well. I'm fully invested in their platforms. Today was my first experience trading with WeBull, using the $1,000 that they give you while your deposited funds clear. At first, I was going to only use one day trade. This way, I would still have two trades left to use with my full equity in that account when funds clear tomorrow. But with FCEL running so nicely, it occurred to me that only using $500-1000 per trade was enough given it's volatility during huge run-ups. Yesterday, I'd only felt comfortable using $500-1000 on FCEL and it turned out to be the right choice. FCEL is the only fast-moving slow-mover that I'd be willing to trade. Long story short, WeBull is fantastic, but the slow P/L updates during trades was definitely not my cup of tea. Executions were.... pretty quick, especially for fast-moving FCEL; and I've decided to keep WeBull as the temporary third broker. Even after I stop using them for trades, I'll continue using the free tools to watch up to six tickers in the background. BUT--- one critical thing that I'd noticed today was that after sizing in on FCEL (and exiting the trade) I still apparently had two day trades remaining. With the sketchy P/L lag, I chaulked this up to them needing more time to account for the second day trade. On both ETrade and TDA, two entries (even into one position) sold on the same day count as TWO day trades. I've previously heard from Kyle Williams directly that Interactive Brokers allows sizing into trades to still count as one day trade, though I'd never gotten the opportunity to test it out for myself. Apparently, this varies from broker to broker and I suppose that WeBull is one of those that count multiple entries into one position as a single trade. This changes the game for me, as it sunk in about ten minutes ago that I could now size-in twice all five days of the week on the same account. Previously, the plan was to use two trades for ETrade and TDA on Monday and Tuesday, two trades from the third broker on Wednesday, one of two SEPARATE brokers on Thursday (not sizing in, just different trades) and just one left on Friday. The limitations in this strategy were that for the 4th and 5th days, I would not be able to size-in on trades. As a result, I would simply trade with either half or full-size on those days; but if WeBull is counting multiple entries as one trade, then this means that I could size-in with them for the last three days of each cycle. This takes my low risk/huge reward strategy to an everyday level. In the end, I only typically trade 2-3x per week anyhow, but with this new ease of entry, I may be willing to speculatively enter more trades; not to mention the fact that my new 1/3 to 3/3 sizing method makes achieving 5 to 1 or better risk/reward much easier than ever. Trading FCEL today, my small-loss stop-out for the 1/3 initial entry was 20 CENTS down. For FCEL, that was so low that it wasn't even visible on the chart--- for a SMALL loss. #StrategyandExecution #BrickByBrick #Ninja

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AnakManis

Roller coaster ride on $SRNE today. In at $2.36 added at $2.26 but not enough to average down. Then price dropped to $2.06. Almost lost $800. News was good, and vol was high at 8 Mill, so prayed that it goes up. 30 mins later, it went up to $2.35, made $120 and called it quit. Price went up to $2.50, could've made about $400. I'm just glad that it went back up. Will be verifying trade tomorrow through TDAmeritrade, since it won't let me verify today.

Diegocorona
Diegocorona Dec 25, 19 1:52 AM

I need some help to start to trade plsss with marihuana

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PocketPAT

Got in NIO on the double-bottom with extra small size due to the choppiness, but got shaken out after seeing huge sellers on the Ask with low buying pressure. Turns out I could have held as it's bouncing a bit, but the bigger lesson is to continue considering speculative dip buys using extra small size; instead of taking them off the table completely. I'm also sadly giving up on ETrade Pro (likely), because ThinkorSwim is just way better when it comes to saving orders; and it's just not feasible to have 5+ potential plays, constantly changing the order entry trying to decide which one is the right one to get into. ETrade Pro's process for accessing/editing/submitting saved orders takes like 3-5 clicks where TOS is 1-2. I'm seriously considering moving all funds from ETrade to TDAmeritrade under a second cash account and using it for T+3 as needed. Sad, because I love ETrade Pro's setup and HATE how cluttered TOS is (not to mention the lack of customization), but I've made it "tight" and made the font smaller in the settings; so TOS feels MUCH easier to navigate. With my now deciding to jump in on smaller panics with smaller size, more potential plays are opening up. Excited =) #PanicsOnly #TilPDT

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