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.
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.
Taxes done! Starting with $16,000 in equity in 3-4 weeks! Opening two $8,000 accounts with TDAmeritrade and Interactive Brokers. Let's go baby!!! Continuing to paper trade with a StocksToTrade account in the meantime!
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
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?
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.
l also have to Ameritrade tries to make a few trades and they wouldnt go thru, upsetting because l xouldve a few $, frustrated.
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.
IB isn't as good as Centerpoint but they are better than Etrrade. TDA is just horrible.
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.
Yes, Venom Trading is another good option if you don't have the money for IB
@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.
I mostly trade nasdaqs >$1 btw
yes mainly
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 :)
You can add the HTB/ETB to the scan list headers to see if the stock is shortable...check video #3 here http://www.thepennystockquest.com/tosvideos1.html If a stock is HTB you can call to try to reserve shares..extra step but it can be done. I have been focusing on momentum trading lately so I have not shorted much in a while.
[TimAlerts] $NAK no shares to borrow from TDAmeritrade
[TimAlerts] BTUUQ no shares to short on TDAmeritrade
@PocketPAT , may I know your initial trade fund? Hope you could share...
@goldman I’m starting with $15,000, split between two accounts.
@PocketPAT , Are you profitable using this TDAmeritrade broker for day trading?
@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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