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- $422 Only did one trade today, had computer problems and was afraid to trade the usual fast movers as a result. Bought APWR on a failure to make a new low, but stupidly ignored the fact the stochastic was overbought at the time. Computer died after the trade, then I got everything back...

- $422 Interesting, I had computer problems today too, my system went black for no reason. Something in the ether??

With E*Trade, if you are granted pattern day trader status, yes you can do that all day long as long as you're flat at the end of the day.

There is a book by Josh Lukeman called The Market Maker's Edge. Get this book and read the first 4 chapters until you can quote them from memory. The first time you violate any of the risk and trade management guidelines in that book, quit trading and repeat those chapters out loud 10 times...

Damn, Thermactor, that's EXACTLY what I was thinking!

Rockin' Neke! Enjoy the weekend :cool:

$1378 net for the week Didn't trade from my platform today, spent time learning IB for an intended transfer to it in the near future. I'm not sure what the spouse's P&L was today, but some of it was mine :p

That's a lot of PSS shares, 1R. How did you stay so calm when they topped $18 :eek: :D

Why would you assume it's an error? There may have been pre-market trading that drove the price down, then everyone rushed in and bought on market open, driving the price back up. In which case your stop might easily have been triggered at the open if it was in that range.

- $1247 Shorted PSS @ 17.77 on stochastic overbought and covered on oversold @ 17.55 for a very quick $440 gain. Later bought AAPL calls and set a very tight limit order for an expected profit of $300 (it was a later day range trade and I didn’t want to be too ambitious in my...

- $1247 Should have been a green day, made $440 in a few minutes, then appeared to have another $300 on the plate, but it was a partial fill that I was unaware of and had to take a major loss on the remaining position by the time I realized it :( Great trading, 1R & Moriartron!

Yes, I was told that the 4x margin was available to buy and sell as many times during the day as you want, and Etrade told me no margin interest is charged either.

You have to have a min of $25K and you get 4x margin which you can trade all the live long day as long as you're flat at the end of it all (or at least flat enough to cover the additional margin that's intraday only). And you can trade as many stocks as you want intraday without the 3-day...

(Thanks 1R; the next long weekend is in October, so if my Nov option plays pay out before then, I will be happy!) + $1713 From previous overnight AAPL options experience, I learned that the opening breakout is a great time to take profits; you can always get back in if desired. So I used...

+ $1713 Looks like an AAPL a day helps keep the red away :cool: (Hermit, glad to see you back in action!)

No news. Don't trust anything that happens in after hours, thinly traded.

ICE on 8/20 was an awesome call! I had them on my hot list along with FLR, FWLT and TEX that day. I chose to trade TEX and FWLT and made nearly $9K so far; but ICE was the best pick of all. The chart and buying volume look like they'll lead you to even more profits. :cool:

+ $912 The remaining 4 SPWR puts got filled while I was away Friday, so I closed them early this morning for a $162 gain, only to watch them gain an additional $1200 value. :mad: A lot of stocks dropped on the ISM news even though nothing fundamentally has really changed for months...

+ $912 Left money all over the table yet again, hope someone virtuous found it :p

Reports of my profitability last Friday were premature, as I returned home to find myself stopped out of MFLX in all three accounts for a net loss of ~ $670 :(