I have been paper trading and heavily studying the market for about a month and a half. It is about that time for me to get started and put some of that practice to work.
I currently have $4,500.00 available to start trading with. Clearly I'm restricted by the PDT rule, based on everyone's experience should I put all $4,500 in a single brokerage (TD or ETrade) or should I split it up into two separate accounts (2,000 and 2,500) to be able to make more trades per week. I can take smaller positions more often or take much larger positions a max of 3 times a week.
Thoughts?
Posted Apr 02, 17 6:12 PMbyBrypie
Received 1 Karma
I would have spilt IT into Two different brokers - then You also have a much better chance of getting shorts also - and You have The option of The extra trades When You need them :) gl man !
As you have only studied for a month and a half, I would sit on your hands for a while and carry on studying. Give it a few more months, save up more, and then split it between two brokers (etrade andTD) or open an account with suretrader (offshore broker) where you won't be under the PDT restrictions.
I would definately put it in 2 seperate accounts. I second everything Torkers said above.
If your serious about trading ,put the real trading on pause, invest in your education tools, give yourself some more time, practice paper trading some more. Get familiar with the market. What is your trading ratio ?
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