I have been slowly moving all of my available funds to my new Etrade account the last two weeks or so. I have one more long position to close out in my Robinhood account. It was fun robinhood, but I do want the best executions possible. I can not say anything negative about robinhood, it worked for me starting out, and with the job(lifestyle) I have it has really been the most convenient app for me. Now, I choose my trades a lot differently and it's time I step up and acknowledge the need for the best tools available.
Furthermore, I only trust robinhood with a little bit of money...
I will be funding my Etrade account with 25K plus, so no more PDT soon. I have given myself some rules to follow in addition to what I have learned so far from this great community and of course Tim S.
Position Size.....$1000 or less per trade
I feel like this will minimize risk, and help to regulate me to take the best trades as well.
I will periodically increase my allowed position size, depending on my profitability.
I plan on spending a lot more time making a watchlist every day, even though I can not trade every day; due to my demanding job, so that I can see if I am on the right track. I will start sharing my watchlist after I become consistent in making one every day.
This is my short-term plan. towards my long-term journey
Good day everyone, and good luck on Money Monday!
p.s. Im long $atos @ .42(plan is to sell in a.m. on potiential spike or cut losses), and $apdn @ 1.61 (swing) risk @ 1.49
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