hey guys I was just browsing around and here I am. Quick question, if you have a small account and your only allowed 3 day trades in 5 days, how do you manage trading? I feel obligated to only trade and hold at end of market because I have used my day trades already. Any thoughts?

@WestSou If u have a decent account size u can do a cash account which has no PDT but does have a 3 day waiting period for ur funds to settle. Another option which isthe one i took, is to open a second broker. I have Etrade and Robinhood. I didnt make one trade today so keep that in mind. Its easy to jump in to a random play and hope it goes up. Discipline is key

@WestSou focus on earnings winners that are holding gains and are consolidating at support areas and are starting to get volume for a possible breakout...or daily runners holding gains with price and volume surge into the close for an overnight hold to close the next day.

ok thanks guys, will do.

ArtOfWar dude your not a bad trader at all just by just skimimg thru your trades your actually pretty good you just have too many big losses just cut your losses sooner you'll be profitable

@albeano58 I agree just have to keep focusing in. Unfortunately my mind and learning ways is being in the moment and learning. Real money real emotions. No one wants to lose money but I'm learning and still confident because I've seen what I can do when I stay disciplined and execute my game plans.

@mdchowdhury whats up wanted to check in and see how your trading was going? Have not heard from you in a while. Was trying to look at your profit chart but I noticed you have not posted anything. Wanted to see if I could get some "advice" from you to perhaps increase my current profits. You may not want "advice" from me considering your statements last year but I figured I'd reach out anyways. Hope trading has been good to you as it has been to me.

FUNNY- TY EH

Thanks all - Hope everyone enjoys their weekend!

http://www.stock-watcher.com/

Does Stock Watcher include OTC?

incase anyone is looking for a screener for all markets including OTC then http://www.busystock.com/ is a good one with lots of criteria.

also Jason has a good one for Finviz

Jason Bond

@BustyPoser and @albeano58 Thanks for your help, I Greatly appreciate it!

All good. Let's make some money

Good job buddy! I have been studying on and off for about a year now and still haven't sustained the gaul to jump in yet, love seeing other's succeed though! I will keep checking in to see how you are doing, us beginners have to stick together for support. I would also recommend checking out Investors Underground if you haven't yet. Tim's got a great foundation of knowledge though, these are the right guys to be following for sure!

Nice! Fighting that temptation to jump back in is probably the hardest emotion to conquer so definitely more congrats on that even more than the win itself! Best advice I can give is the more you study the charts the more confidence you will have when the time comes again of when to jump back in or not. Jumping back in should already be part of your pre-planning which comes from studying and knowing that particular stock's patterns. I'm still learning myself but I have learned the many ways to p

...to play it safe. I'm rooting for your success! :D

Great job!

If you can use the ThinkOrSwim platform you can see if the shares are ETB, HTB, or NTB. There are stocks to short that are in play but not very many. There are more shares to short for stocks in the $10 too $15 range versus those below $10. Every once in a while you can find those $5 range tickers to short.

I'm close to opening a secondary account with IB and only use their WebTrader to trade from and use TOS for charts, scan, and custom watchlists. IB has more tickers to short if you can open an account with them,

I like the sink or swim platform...there's a lot of great options for charting and stock "scanning", so I'll keep them and open a secondary account with another broker. Tim thanks for the link it was helpful...I'm used to forex trading where buying or shorting is not an issue, since there's so much liquidity. Anyone have experience with Merrill Edge? Since I already have a BOA account I'll check with them tomorrow.

Use SureTrader

Def my http://howtomakemillions.com Dvd its the most comprehensive

Paper trade first!

Tims htmm DVD is probably most bang for your buck its alot of content for a great price but it really depends on your personality and trading style your looking to take on

Good DVDs besides Htmm that I've watched textbook trading tandem trader Nate from Investors underground DVDs both excellent as well

@communist_owl This is normal price action.. Check out this video by @kroyrunner, he explains it very well http://tradetheticker.blogspot.com/2015/06/25-minute-clip-from-my-dvd.html

As Tim says, its not an exact science. I believe each trade is unique. So its not a perpetual hell. You should not take ur chance when the support does not hold. IMO morning and mid day breakouts might behave violently but not the ones near the market close.

@iLLeSt On the contrary, I always take very small position sizes (< 500 shares)

@communist_owl I would try risking about 2-4% of your account value on each trade. That is usually a decent amount to risk. If your stop doesn't risk that, it may be too close.