This is the end of my second week.  I've realized that if I want to grow my account quickly I will need to take positions with more shares.  I have decided to focus on lower priced stocks under $1.  My first large profit last week was STGG which was up from a penny and I bought on the uptrend at a little over a dollar and sold at $3, this week I made over $1,000 on RCGR buying at 28c and selling at 70c.  Since the prices are lower I can afford to purchase more shares, so the impact of the movement is amplified. 

Although I started with 5k in my account, I have never risked more than $500 + past earnings.  In addition to my etrade account I also created an account at TD Ameritrade with no margin, so I can purchase additional long trades, getting around the PDT rule. only issue is that it takes several days to "settle" my money after I sell my shares, and I cannot purchase penny stocks with unsettled cash.  This forces me to take smaller positions.  The other benefit is that I get access to ThinkorSwim, which has been hugely helpful and free.  Once I have 4k in profits I plan to open an account at Interactive Brokers and using them for shorting, but until then I am mostly staying away from shorting, my only attempt resulted in very minimal profit after briefly going in the red.

My goal is to get to 25k as quickly as I can so I can get around the PDT rule and eliminate that as a concern.  After that I will expand my focus to include more expensive pennystocks and attempt to capture the 10-15% moves that Tim touts.

I have been tracking all my purchases and documenting my reasons, I have also started writing down the lessons I've learned from my trades, once I have enough I will post those as well.

As an aside, since I've gotten into the mindset of a trader I've been looking in other outlets, last week I made ~$350, with a small purchase of litecoin as it doubled overnight. and I have unrealized profits of over 1k in ripple and bitcoin.  I am sure I am not alone in wishing I hadn't sold my small amount of bitcoin for a small profit several years ago when it was at $200. Nice to be able to make money outside of market hours and the high volatility looks familiar. 

Thanks for Reading.