My brother... you need this in your life -- http://www.timothysykes.com/2015/03/10-rules-penny-stock-traders-must-live/
Don't be so hard on yourself man. Every loss that you learn from can only reinforces your position for to find a statistical advantage! If you haven't already I'd recommend checking out Tim's video http://profit.ly/5008UP . I found this to be the most beneficial to my development as a trader.
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It is not just clunkiness and lag that is affecting it, there are actual file numbers associated with each of my trades. It is when the file numbers attached to them that they quit being executed altogether.
It sounds like you have a Windows Version, and thus have a program files menu to delete from, I am using the Linux version and I would have no idea where the equivalent location is.
ahhhh...yes Windows. Not sure of the workings per Linux. That might be worth a tech support email to them,
Your credit score wouldn't be an issue. Mine was in the toilet for a while and they always treated me well.
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@MoneyMarak It happens :) It's all part of the game. There are occasions when the trade is going so well, it seems as if nothing can stop it. This is a good this as you have learned the lesson at a still very early stage. Next time, I am sure you will not think twice. Keep it up, you are still green and sky is the limit so just learn move these events, and keep growing as a trader.
I'm sure we've all been there before. One thing I do whenever I'm up on a trade like that is set a Trailing Stop on 1/3 or 1/2 of my shares to protect me from me, and then wait to see what happens before unloading the rest.
That is a good way to keep your trading safe. In the beginning it's always a great idea to test and test (trial and error) with minimal size. At times, people score nice wins and assume they know what they are doing until all goes down the drain.
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Thanks
Day trade limits apply to all small accounts, not just TD. At any rate I like their charting software a lot more than Edtrade they cost the same and they haven't dicked me on any executions yet.
Depends on what you're trading. I trade options and got them to switch me from the high $9.99 base rate to $1.50 per options trade. Life is good. Customer service has been good to me too.
I also do my banking and have an IRA account with them. I really like their Trade Architect platform. It's way easier than their ThinkOrSwim platform, which is also good.
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The key to trading with Cash accounts is to only trade with settled funds. If you have $10,000 in your account and you perform three days trades on Monday then you'll have to wait for those funds to settle 3 days later before you can trade with them again. I converted one of my TD Ameritrade margin accounts to a Cash account and day trade options every week and do more than three day trades and never got flagged.
Also, the way I understood it back when I was with Scottrade, if you have a Cash account with $10,000 in it and you use $5,000 to to day trade on Monday, those funds won't settle until 3 days later, which is Thursday. You can still trade before Thursday but can only do so using the remaining $5,000. If you day trade with the remaining $5,000 on Tuesday then those funds won't settle until Friday.
Where I think things can get a little ugly with Cash accounts is that the 3 day settlement period applies to both day trades and swing trades. Even if you hold your positions overnight and sell them the next day you still have to deal with the 3 day settlement period whereas you don't have those types of restrictions when swing trading with margin accounts.
Day-Trading Margin Requirements: Know the Rules http://www.finra.org/investors/day-trading-margin-requirements-know-rules
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I agree with the Trailing Stop-Order suggestion. I love that feature. It always saves my rear end.
I'll get my crap together next time, at least this stock has a good chance of spiking , I've noticed a lot of stocks do after being delisted
When did you buy it? If you bought it at open Friday you're really only protecting about 70 dollars. Every little bit counts but the best chance to make any real money was midday when it hit nearly 11 cents. You might be better off waiting to see if there's a morning pop to gain a little extra.
I bought at .093
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Can also vouch for td ameritrade. They have expensive commissions but after a while of paying 10 bucks a trade u can call them up and ask for a decrease. I only pay 7 bucks a trade instead of 10 now, and only 17 for mutual funds instead of 50.
I agree, Think or Swim mobile is pretty awesome.
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I also wouldn't risk opening new trades if I was out of day trades unless you intended for them to be swing trades.
I usually do check OTC, but I'm trying not totrade anything under.50 right now.@jartey
Dont feel bad. There are many of us out here doing exactly the thing. I my self am down almost $700 I look at it as the cost of learning. lol They say dont trade early on. But some say its something you have to do. Me, i jumped in with both feet and didn't know anything. Maybe we can help each other. I have STT and HTMM.
@jartey i know this is pretty old. But might i ask what newsletters you use and where you found them ?
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i am getting ready to take a step back again since I'm not happy with my current performance but a year ago i had nowhere near the knowledge i have today, so my small profit so far is thanks to learning all i can and minimizing my loss, it only took one bad trade to bring me down not long ago, with XLIT, i used emotion to trade, jumped in and held hoping it would bounce and lost 50% of a decent size position i took in it, the hardest thing to overcome for me is impulse buys on emotion, I'm slowl
I'm slowly getting better at it
Your doing good man, expand explore other forms of trading.








@WKE3 I use a website dedicated to low priced earnings winners. send me a direct message if interested, can't post external links on profit.ly. @Quintero77 I learned the basics from sykes, since he's only training wheels. I don't recommend starting with less than $10k.
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