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cwood
cwood Jul 08, 16 12:47 PM

@Quintero77 I've been swing trading earnings winners.. Less risk, and greater reward imo since they can drift up 100-300% over a few weeks.

WKE3
WKE3 Jul 08, 16 1:35 PM

@cwood so how do you find the swing winners? Tim's rules aren't showing us how to be swing traders. I have three kids and possibly a fourth in the works, a full time VP job at a small company (this means 40 hours a week would be a dream job), and I travel a good bit. Time is something I do not have. The Challenge feels more and more like it doesn't fit for me. Not necessarily money thrown away but it just doesn't work for my schedule.

Quintero77
Quintero77 Jul 08, 16 1:48 PM

@cwood how much did you start with? and profit? where did you learn to do so if not through sykes?

cwood
cwood Jul 11, 16 10:05 AM

@WKE3 I use a website dedicated to low priced earnings winners. send me a direct message if interested, can't post external links on profit.ly. @Quintero77 I learned the basics from sykes, since he's only training wheels. I don't recommend starting with less than $10k.

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Received 4 Karmas
JMDev
1
JMDev Jul 07, 16 4:15 PM

Don't be so hard on yourself man. Every loss that you learn from can only reinforces your position for to find a statistical advantage! If you haven't already I'd recommend checking out Tim's video http://profit.ly/5008UP . I found this to be the most beneficial to my development as a trader.

darrellwayne13
1
darrellwayne13 Jul 07, 16 5:28 PM

Well written and humorous. I needed a good laugh, thanks.

Joe_Wall_Street
1
Joe_Wall_Street Jul 07, 16 7:36 PM

I have the same learning disability sometimes, Lol.

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grysmith
grysmith Jun 05, 16 1:02 PM

It is not just clunkiness and lag that is affecting it, there are actual file numbers associated with each of my trades. It is when the file numbers attached to them that they quit being executed altogether.

grysmith
grysmith Jun 05, 16 1:26 PM

It sounds like you have a Windows Version, and thus have a program files menu to delete from, I am using the Linux version and I would have no idea where the equivalent location is.

Palmer
Palmer Jun 05, 16 3:42 PM

ahhhh...yes Windows. Not sure of the workings per Linux. That might be worth a tech support email to them,

Joe_Wall_Street
Joe_Wall_Street Jun 05, 16 8:43 PM

Your credit score wouldn't be an issue. Mine was in the toilet for a while and they always treated me well.

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TechnicalTicker
TechnicalTicker May 31, 16 7:57 PM

@MoneyMarak It happens :) It's all part of the game. There are occasions when the trade is going so well, it seems as if nothing can stop it. This is a good this as you have learned the lesson at a still very early stage. Next time, I am sure you will not think twice. Keep it up, you are still green and sky is the limit so just learn move these events, and keep growing as a trader.

Joe_Wall_Street
Joe_Wall_Street May 31, 16 11:58 PM

I'm sure we've all been there before. One thing I do whenever I'm up on a trade like that is set a Trailing Stop on 1/3 or 1/2 of my shares to protect me from me, and then wait to see what happens before unloading the rest.

TechnicalTicker
TechnicalTicker Jun 01, 16 11:36 AM

That is a good way to keep your trading safe. In the beginning it's always a great idea to test and test (trial and error) with minimal size. At times, people score nice wins and assume they know what they are doing until all goes down the drain.

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jlynn
jlynn May 26, 16 3:16 PM

Thanks

JMDev
JMDev May 26, 16 3:36 PM

Day trade limits apply to all small accounts, not just TD. At any rate I like their charting software a lot more than Edtrade they cost the same and they haven't dicked me on any executions yet.

Joe_Wall_Street
Joe_Wall_Street May 27, 16 12:14 AM

Depends on what you're trading. I trade options and got them to switch me from the high $9.99 base rate to $1.50 per options trade. Life is good. Customer service has been good to me too.

Joe_Wall_Street
Joe_Wall_Street May 27, 16 12:17 AM

I also do my banking and have an IRA account with them. I really like their Trade Architect platform. It's way easier than their ThinkOrSwim platform, which is also good.

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Joe_Wall_Street
Joe_Wall_Street May 23, 16 2:30 AM

The key to trading with Cash accounts is to only trade with settled funds. If you have $10,000 in your account and you perform three days trades on Monday then you'll have to wait for those funds to settle 3 days later before you can trade with them again. I converted one of my TD Ameritrade margin accounts to a Cash account and day trade options every week and do more than three day trades and never got flagged.

Joe_Wall_Street
Joe_Wall_Street May 23, 16 2:45 AM

Also, the way I understood it back when I was with Scottrade, if you have a Cash account with $10,000 in it and you use $5,000 to to day trade on Monday, those funds won't settle until 3 days later, which is Thursday. You can still trade before Thursday but can only do so using the remaining $5,000. If you day trade with the remaining $5,000 on Tuesday then those funds won't settle until Friday.

Joe_Wall_Street
Joe_Wall_Street May 23, 16 2:48 AM

Where I think things can get a little ugly with Cash accounts is that the 3 day settlement period applies to both day trades and swing trades. Even if you hold your positions overnight and sell them the next day you still have to deal with the 3 day settlement period whereas you don't have those types of restrictions when swing trading with margin accounts.

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Joe_Wall_Street
Joe_Wall_Street May 21, 16 6:33 AM

I agree with the Trailing Stop-Order suggestion. I love that feature. It always saves my rear end.

stockBuddy
stockBuddy May 21, 16 9:57 AM

I'll get my crap together next time, at least this stock has a good chance of spiking , I've noticed a lot of stocks do after being delisted

dbryant85
dbryant85 May 21, 16 7:55 PM

When did you buy it? If you bought it at open Friday you're really only protecting about 70 dollars. Every little bit counts but the best chance to make any real money was midday when it hit nearly 11 cents. You might be better off waiting to see if there's a morning pop to gain a little extra.

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Mon256
1
Mon256 May 20, 16 10:34 AM

Yeah you can't really beat Think or Swim mobile.

petwyt1218
1
petwyt1218 May 20, 16 12:20 PM

Can also vouch for td ameritrade. They have expensive commissions but after a while of paying 10 bucks a trade u can call them up and ask for a decrease. I only pay 7 bucks a trade instead of 10 now, and only 17 for mutual funds instead of 50.

Joe_Wall_Street
Joe_Wall_Street May 21, 16 7:16 AM

I agree, Think or Swim mobile is pretty awesome.

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Joe_Wall_Street
1
Joe_Wall_Street May 18, 16 12:19 PM

I also wouldn't risk opening new trades if I was out of day trades unless you intended for them to be swing trades.

AlphaRaptor
AlphaRaptor May 18, 16 1:48 PM

I usually do check OTC, but I'm trying not totrade anything under.50 right now.@jartey

Traderaider42
Traderaider42 Jun 25, 16 2:07 PM

Dont feel bad. There are many of us out here doing exactly the thing. I my self am down almost $700 I look at it as the cost of learning. lol They say dont trade early on. But some say its something you have to do. Me, i jumped in with both feet and didn't know anything. Maybe we can help each other. I have STT and HTMM.

Traderaider42
Traderaider42 Jul 02, 16 6:32 PM

@jartey i know this is pretty old. But might i ask what newsletters you use and where you found them ?

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stockBuddy
stockBuddy May 10, 16 11:47 PM

i am getting ready to take a step back again since I'm not happy with my current performance but a year ago i had nowhere near the knowledge i have today, so my small profit so far is thanks to learning all i can and minimizing my loss, it only took one bad trade to bring me down not long ago, with XLIT, i used emotion to trade, jumped in and held hoping it would bounce and lost 50% of a decent size position i took in it, the hardest thing to overcome for me is impulse buys on emotion, I'm slowl

stockBuddy
stockBuddy May 10, 16 11:48 PM

I'm slowly getting better at it

Fox_Trader
Fox_Trader May 10, 16 11:52 PM

Your doing good man, expand explore other forms of trading.

Ev0lution
1
Ev0lution May 11, 16 8:41 AM

Thanks for all your inputs guys I really I appreciate it

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