
@Prestomango Hey Presto! You alive. Whats new man? Still trading? Just letting you know I've been trading a fair bit now and the OX commisions have dropped to $10 per trade ($20 for buy and sell). Did you get 2nd level working?

@Prestomango Hey Presto! You alive. Whats new man? Still trading? Just letting you know I've been trading a fair bit now and the OX commisions have dropped to $10 per trade ($20 for buy and sell). Did you get 2nd level working?

The "How to Make Millions" DVD has been a long watch and I'm still not done. 13 "DVD's" (mine is the streaming version) and all run from 2-3 hours each. Is it good? Well, I think its good for people looking to get into trading with the idea to buy\short USD stocks. It go's over a ton of things even though it seems to drag a lot. The last few DVD's seem to be getting more interesting for me as I've been studying for ages. I wish I had it before I took on my course, not after. Those with good experience could pass on it.
Thanks! I appreciate the feedback. I will definitely look into it! Right now I am an hour into Tandem Trader, this may be a good one as well!
hows it going with the dvds and the i.u alerts etc today they offered me a %50 off annuals
I'm almost halfway into Tandem trading, its great so far. I'm learning a lot of solid fundamentals. IU is definitely worth the $200/m. If I was a better trader, I would've made that my first day of trading in the chatroom. Definitely give it a shot.
@Prestomango
OX does do 2nd level. There are 2 versions as well as Options. They're wrong. Open "Streaming XTEND". Found bottom of main page or under top menu "TOOLBOX". Once open you should have a window called Trade Ticket. Change "Put" to "Stocks". Then expand the windw - to do that press the blue triangle bottom right of window. Hope that helps.
You are not currently enabled to receive real-time quotes, including Streaming Xtend. Real-time quotes are only provided to non-professional customers who accept the exchange real-time quote agreement. Please contact us if you have questions or if you need more informatio
thats what it says when i open streaming xtend^^
i called the australian OX and they wont help say i cant get it. do you call american OX?

Made my first bid tonight with OX. See my Trades window if you care to laugh at me. It was a loss but a small one. I knew there was a good chance for loss but didn't care. Now I understand how things work and flow with OX and can safely make some judgement calls. It's weird knowing I've bought and sold stock now. It will be a good joke with friends. :)

Hey Presto, the orders went through pretty quickly and will do so if you trade correctly. Look at volume. If its trading 20k then you're pretty safe to trade 150 shares or whatever the number. If you want to trade 20k shares and the volume is 20k then you wouldnt do it. Does that make sense?
perfect sense! im always impressed with nathans twitter in the opening hours of trading he tweeted about DYAX he predicted it going to $27 and it did exactly that right from 24 something. but yea i've got to find my own niche rather than relying on alerts and stuff like mav says
You want to be self-reliant. That's my goal anyway. I look at Tim's watchlist, go over it, make personal notes then I make my own Watchlist. From that I chose what I think is best for the night. Next day I will go over the nightly charts for each ticker to see what happened and to see if my notes reflected what I predicted. May not be perfect but you will learn a lot.
The only reason I follow alerts is to see what the pro's are buying. Then I follow up on what they did and why. Using alerts might make you easy money but for me it's pointless if Im flying blind. My watchlists help me fly (hopefully without hitting a tree!).

Created my own Watchlist just for fun and went to bed at 9pm. Got online 1:30am only to find trading now starts at 12:00am. Hmm. Missed a few opportunities and only had an hour before I had to go back to bed. Checked Watchlist today and fair enough more opportunities slipped by. No surprise. Overall I did ok with the list and learned a lot. Unfortunately I need more time. Fun!! Plus using OptionsXpress is a big learning curve.
I think Prestomango is talking about 2nd Level. Watching multiple Asks\Buys on the fly. Darn good question and I can't find it. With other brokers you have to pay for it. I hope its another windw I can move to my other monitor.
so you use yahoo as a your primary market scanner then? my 2nd level isnt authorised yet coz apparently im a "professional trader" aha hopefully will get it changed and unlocked soon
I have a blog on opening 2nd level. Its not as big as other brokers though and not 100% how to use it effectively.

Next to no trading so far this week. What a bummer. I'm finding life and trying to get to sleep early is just not working. Currently I have taken leave just so I can attempt trading after Easter. Also going to try sleeping later, get up later (miss the open) and just see how I go. Also thinking about quitting my busy job and work part time on weekends with a mate just so I can spend the weeks trading. Lots of options, some pretty big but ya gotta do what ya gotta do! How do you lot do it?
my sleep pattern is screwed i work shift work and literally every week has days and nights this week was our small 4 day week mon,tue dayshift then wed,thurs nightshift all 12.5 hours then i get 5 days of starting tomoro morning so im already all over the place. trading opens up at 11:30pm where im at
i wouldn't quit work for trading its like gambling i have done it for many years and very hard to rely on and very stressful if you do,my main strategy is a long term portfolio with some options and only taken certain trades it aint worth the risk or the time you put in it and beleive me i have learned it all
Good ol' Perth. Ha! I'm in dirty Canberra. I made my own Watchlist tonight. Took hours. Should be a fun night. Time for bed.... ZZzzz. Be sure to catch up on your rest.
@mavrick41 Thanks for the headsup. I'd like to concentrate on learning as my course runs out in 4-5 months. Finding work isn't a big deal for me but I would be giving up a well paid job (if a daily job can be considered as such). Come Sept I could very well be looking for another proper job.

Attempted trading again since my IB mess. Unfortunately hitting bed at 6pm to get up at 1am doesn't always work. Had issues sleeping and forgot to turn phone off = No trading. Still made a Watchlist, went over charts come morning and watched Tims new vid about them. AXMM did really well last night but optionsXpress doesn't allow shorting under $5 so wasn't really watching it. Think I'll setup some Alerts next time. Good to be back. Hope to post more and get feet wet !!
unlucky...maybe if your position were larger you would be up? o.x approved my account obviously now just waiting on the margin account to be approved
ive just been following nathans twitter and a couple he mentioned last week were gainers around the 40% on thursday alot of action it seemed then come friday most went down just an observation.
O.X fee's seem to be $5 to $10 per trade. Not much at all considering fees for other brokers can hit around $80 per trade. I've heard some pro's state "it doesnt matter the fee price" but it does if you're new and trying to get your feet wet (like me!!!).
@mavrick41 Tim trades often and he isn't afraid to lose a few hundred or thousand. If you can't do that I wouldn't copy him. He also buys a lot of shares. Setup a Watchlist, add some alerts and follow those. Have a plan before you trade. I need to get my experience up so I don't sound like a know-it-all noob haha. Thats my plan anyway.

Application for OptionsXpress is now active! It's good to know I have a broker again. Next few days I'll play with it and next week attempt some fake or real trading (I'm a little rusty). At some point I'll add some updates in regards to this broker.
Alerts are all well and good but if you don't know the company Tim is tagging, it's history, why its tickers are moving the way they are etc then trading can be dangerous. Still, can also be profitable! Ha. Training myself to find my own stuff.Tricky.
@mavrick41 can messenger chat allow multiple people?
im not sure
there charts can do multiple charts up to 9 just go to tab then grid view handy for monitoring a few trades on a 1 min time frame like tim does

Sorry for anyone who got tons of emails from me. I was trying to update my Blog (which is finished for now). Turns out all the formatting options don't work properly so it's a bit of a mess. At least it's easy to read. Hope people like it. Hopefully within the next few months I'll be able to add some credibility to the stuff I say by actually trading. ............. Thanks to Mavrick41 I have signed up to OptionsXpress. Now waiting for sign up confirmation as I've applied for a Tmargin account. Still not sure about prices and ability to short properly but that's how it go's unfortunately. Cheers.
also suretrader states they dont deal with u.s residents or corp. so im curious as to know how tim has an account with em?
It's always possible rules have changed. Tim's course explained PDT as 3 single trades (buy, sell, buy) but that's what I'm going off. Every broker may have their own rules to complicate things. Suretrader has been around for a while but their systems still have issues. The problem ppl have is: 1. Trades can lag 2. If they shutdown you lose your funds 3. Software has bugs. But, its a good start for noobs like me I guess? :D
Careful with fund transfers. Any cash getting placed in your account is considered income. ATO will notice this. How you transfer the cash matters little as far as I know. Its a popular topic on forums. Most look for the best way to avoid the tax but it's tricky. Talk to an accountant. ;)
yes true when going back to a bank account but if goes bacl to neteller where you can take cash out of a atm doubt they will know

@Prestomango hi i am aussie just joined tim alerts and looking to join a broker
yer that sucks but i am already about to do my suretrade app. now until i investigate other options
awesome! i will be very interested in the range of stocks to short they have to offer, im busy with work until next week i will try again.
how did you go did you have any luck
just a couple things left for suretrader.i have had an account with optionsxpress for years and i can buy and short sell with them but only stocks over $5
hey matey not alot of action here only done a few practise trades so far had found it was a bit expensive but this is great news. which country OX did you ring for customer service was it the american one?
Good to hear from you. Nah, I use Aussie but I tend to just email them. Supports not the best.
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