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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