Received 10 Karmas
MK1996
MK1996 Dec 07, 17 10:38 AM

Update on the brokerage. lol. Got with ETrade, I can't get used to their ETRADEPRO platform after using STT for a couple weeks. It seems really confusing. But thank you guys for the help. Just put 5k in ETRADE

RMcInarnay
RMcInarnay Sep 28, 18 10:45 AM

If you keep 100% equity on your short then you don't get charged interest. ie. you have $2k in your account and you short $2k of a stock then there is no interest. Also, E*Trade does not charge interest for intraday shorting, at least that's what they just told me.

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huperauxano
1
huperauxano Oct 28, 17 12:58 PM

@anatomic thanks - i looked through your trades - I also have found shorting the morning spike to be my most comfortable trade right now. I have been picking a key level above current price as target entry for short and trying to avoid getting in before key level hit. Also using level 2 to judge slowing / possible entries ans exits.

huperauxano
1
huperauxano Oct 28, 17 1:12 PM

@RockRobster I am trading tight and watching the stocks closer than I used to. Big change for me was taking my watchlist then writing out the 10-20 trades I was interested in and what I expected them to do. Then I rewrite list picking only 5 for the day and 2 scenarios (up and down) for each. Then I watch price action in morning for 5 and only enter one that matches a scenario. Good luck climbing!

RockRobster
RockRobster Oct 29, 17 12:09 AM

Thanks! That's good to know. I need to spend some more time going over my WatchList as well. Good luck to you as well!

anatomic
anatomic Oct 30, 17 1:56 AM

Yea, I love shorting the frontside of the move as long as the chart is overextended and there is no recent meaningful news. I use several factors to time them, the biggest indicator is an uptrend break.

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Dreed
Dreed Aug 31, 17 6:24 PM

Make sure that you're aware of the 3 trades per week. Unless you have $25,000. Also, check with your broker to see how many days it takes to clear the funds. With ETrade, they just changed the clearing of your funds from 3 days to 2 days.

anatomic
anatomic Aug 31, 17 9:51 PM

@Dreed I have 2 margin accounts at Interactive Brokers so 6 trades/wk. and clearing doesn't matter. I've been trading full-time for 6 months now.

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