Friday I found good plays with NETE, learned not to panic and learned that with ameritrade it isnt 4 trades its 3 trades not to get flagged for PDT. Based on the below i got the email of doom that the account was flagged for PDT. So i called ameritrade and there is a policy that for one time they will reset the flag if you guessed wrong on the number of trades. Also on the thinkorswim platform, you can request the paper side to be in realtime, it just a phone call to the paper department. If your account has funds in it they will make the feed live.
I have screeners setup now to give a list of tickers to research the night before - step in the right direction
I doubled the amount in the trading account.
I continued reading, watching videos, and learning technical indicators.
I learned not to blindly chase alerts in chat, have a plan like dip buying, making sure there is volume, and having a solid entry and exit plan that doesnt eat profit due to fees.
I am starting to notice ABCD patterns, head n shoulders, etc in charts
I have my daily websites checks all saved in a single folder for easy browsing in the morning.
7/27/15
Bought 70 MNOV @ 4.86
Sold 70 MNOV @ 5.3001
NETE: Friday
Stock was on the list from the previous day screener - notes were get in at price above .24 - try to gain .10 on 4000 shares - that was the plan
In : .32 @ 2500
Out: .40 @ 2500
This is where i panic and sold right before the spike to .48, lesson learned adjust to resistance because the resistance at the time was .34 not .36
In : .39 @ 2500
Out : .36 @ 2500
Stock started to rise again with a lot buyers on level 2
In: .37 @ 2500
Out: .41 @ 2500
Appreciate your posts showing how your thinking about the plays. Keep up the great work and look forward to reading more!!
Can I ask what screeners you use and how you have them set up, meaning what are you looking for, overextended, daily, monthly,of 52 week breakouts?
I would love to know that as well^^! Good work!
I will post screen shots of the website and screeners later today
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