Pandabear
1
Pandabear Mar 15, 17 2:45 PM

@krs1 So now I'm just going to cut the loss. Yeah I think you should do that for now, I am too. Until I have a few green trades under my belt. It's hard to think clearly when you've lost on the a particular stock. Move on to the next

krs1
1
krs1 Mar 15, 17 2:46 PM

@Chongette32 yep... I read the book 'Trading in the Zone'... it's helped me to manage emotions a lot better :) ps. sorry if I'm clogging up your comment section @fatimacosta !

Pandabear
2
Pandabear Mar 15, 17 2:47 PM

@krs1 Yeah it's better just to cut the loss and wait for a re-entry but I'm going to hold off on the re-entry until I have a few consecutive green trades and I'm more confident

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krs1
1
krs1 Mar 11, 17 11:54 AM

Take the clock down. That's what watches are for! btw... every week there's gotta be someone at the building across from you not understanding who or why a person is yelling at them.

Jonk87
1
Jonk87 Mar 12, 17 2:45 PM

@AngelofPeace Thats what's necessary!

Jonk87
1
Jonk87 Mar 12, 17 2:45 PM

@krs1 haha am waiting for Dubai Police to knock on my door seriously!

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krs1
krs1 Feb 28, 17 12:21 AM

Thanks Arick

aidan222sharpe
aidan222sharpe Feb 28, 17 10:23 AM

thanks and could you please tell me how to change the high of day default settings, stocks to trade won't answer my E-mails

Sai_Lyon
Sai_Lyon Mar 01, 17 12:14 PM

Arick, thanks for all the helpful videos! Earlier this year you made a video to set up thinkorswim scanners which was REALLY helpful. Would you mind doing a video on how you created you HOD scanner? Thanks, huge fan.

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DeeSniper
1
DeeSniper Feb 23, 17 10:02 PM

I don't even know yet if the PDT will matter for me as I'm wet behind the ears. I just wanted to avoid it in case I want to do more trades. I almost went with SureTrader but they have a lot of extra fees and I wanted to know what to expect so I could keep the account funded. If TDA isn't booting cash accounts out for PDT, that's cool. I guess experience tells the tale and I'll learn soon enough and go from there. Very interesting discussion. Thanks ya'll.

DeeSniper
DeeSniper Feb 23, 17 10:10 PM

@MetalHat The only bad things I've read about SureTrader is: poor customer service; x-tra fees & platform fees; and hard to get money out. But I recently read they are increasing service reps to 300 and now have a debit card to make pulling funds easier. Looks like the legal issues are behind them now.

DeeSniper
DeeSniper Feb 23, 17 10:22 PM

TDA at one point in the early 2000's was spanked for allowing cash accounts to freeride on day trades before account settled (T+3) which was in effect providing leverage to non-margin accounts. Best I could tell from reading the case they were not spanked for allowing too many day trades in cash accounts but for going against the T+3 rule. I think Scott Trade got spanked for the same.

MetalHat
1
MetalHat Feb 24, 17 7:03 AM

Yes, customer service is lacking compared to TD for sure. The reps are nice and very helpful, but wait times can be 5-10 minutes to get one. I still use and love thinkorswim and just trade with thier level 1 software which is $49 or you can use the web for trading which is free. Much faster and easier with the level 1 software though. Order fills are very good.I guess it can be summed up by saying it's not perfect but more than adequate to avoid PDT.

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colmooretrader
1
colmooretrader Feb 17, 17 1:52 PM

the only thing i would say is one thing is to study hard and very intense trading with fear another thing is being smart while entering and exit it could break your heart at the end of the day!

GreTa
1
GreTa Feb 18, 17 11:07 AM

@krs1 Classic beautiful, beautiful REVERSAL PATTERN here, that V-Shape Sell-Off, your entry would've been the next Green Candle to make a new high. The important thing here is you recognized the PATTERN.

krs1
1
krs1 Feb 18, 17 12:00 PM

@GreTa :) Thanks! yep... I'm starting to pay attention a lot to the lod scanner in STT right on open... this is where I'm looking for the morning panics... not all bounce but I find when it drops this fast that quick, it usually does

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redwolf90
redwolf90 Jan 24, 17 9:40 PM

Thanks everyone for your input. I however have no kids, no wife, still in my 20's and relatively low rent. I hated that job and I don't see any point in wasting time doing anything else but what I want and that is to day trade. I have alot of work to do but I know what I'm capable of and I know I can do this.

redwolf90
redwolf90 Jan 24, 17 9:42 PM

Even if I fail BFD! At least I can look back on this and say I gave an honest shot at my dreams.

vikingprofits
vikingprofits Jan 24, 17 9:49 PM

I'm never one to take the wind out of a guy's sails but bro, every loss is significantly larger than your wins. I want to do the same as you but I know I'm no where near that yet. Good luck though..

markdawg123
markdawg123 Jan 24, 17 11:16 PM

Yepp jst do it like NIKE man whatever u put your mind to u can do it...it have to be ur passion!

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