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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Sorry Correction... my Daily gains are $90 not ($90) Tho if I were to sell at MOC I would have been punished by realizing another ($350) or so
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Okay everyone will get a kick out of my cluster-fudge today... I was up quite a bit in the morning ($320 or so) but then I decided to play around with microtrading again.. and now I can officially say that I WILL NOT DO THAT AGAIN!!! Well, not until I actually do some research/learning...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Hi Taumeson, I enjoy your journal and wish you all the best in your trading. But I have to ask: why should Entropy help you with money/risk management when all you have to do is pick up a book that addresses these concepts. Remember,it was YOUR decision to stay ignorant. Best of luck -...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Hehehe yeah.. but the insanity... it's sooo tempting.. just one more hit, then i promise I'm through... okay? :p By the way, you mention risk management.. care to elaborate?
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    Greenleaf's Journal

    I think it's probably a good idea to block out your account number... I mean, otherwise it's just one more variable some hacker can use in a social-engineering ploy to get your money.
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Today wasnt too bad, my results were: =============================== Daily gains : ($48) Total gains : $569 ... 2.276% Open Positions: Short 1600 QQQ @ 30.85 ================================== Buy 1600 QQQ Limit at 29.75, GTC Canceled Sell Short 1600 QQQ Limit...
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    FreeTrade's Order Execution... am I paranoid? ("Invisible" Fees)

    I feel a bit better after reading this, and today I found that they filled my Short S for a penny better than my limit, so I think it's not qute as bad as I thought... Good insight SteveBec
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    I think my biggest problem is that I get too caught up in the little shit going on... Like for example, yesterday my goal was to either buy again when QQQ was down to 30.75, or Short when QQQ was at 31.00 but today, what do I do? I see it at around 30.75 and then I think "well thats good...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Okay, I kind of over-exagerated my claim to not listening :) But yeah, my plan is to switch to a real broker (Everyone says IB so good nuff for me) soon... And unfortunatly I had to pay $30/trade for a little while there @ fidelity because due to the Margin Call they wouldnt allow me to do...
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    FreeTrade's Order Execution... am I paranoid? ("Invisible" Fees)

    That's what I thought when I first started the account, but the more I think about it... Here's why: Sure they fill my order fast... but what if they fill my buy order @ 30.05 when if I was able to pick my own routing (or use an automated routing that trys to find you the best price) your...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    1) Seems Ameritrade's Margin/Pattern Day trading requirements are less strict than Fidelities... I guess I can do $100k trades now instead of my $50k!!! woo woo! Tho I'm scared... maybe I'll stick with my $50k chump for now :) 2) I still cant stop accusing freetrade of taking...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Okay, so now a little wiser as to Margin Equity Calls, I gave the guys at Fidelity the finger and took my money to FreeTrade.com even tho I'm paranoid about the supposed free lunch (free trades).... about 7 days later my money got xfered over (this time $25k so I had a good starting point for...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    sorry i was trying to copy my excel spreadsheet in a semi-readable way...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Okay it's stupid using these guys for any type of trading. Big commissions, no tools... and other reasons you'll see: ========= Phase 1: XXX Stock Date Type Stock Quanitity Fees Price Value Delta TOTAL PROFIT 22-Apr Mkt S XXX -828 $14.99 $25.50 $21,145.38 $(14.99)...
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    Total Newbie (self taught/punished) Tries to make it big. (No joke!)

    Disclaimer: I do *not* know what I'm doing. I woke up one day, checked my companies ESPP and said to myself "Gee, the stock goes up and down, I bet if I buy low sell high I can outperform my ESPP" and thats where it started. Since then, I've moved on to QQQ and am now trying to work on...
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    FreeTrade's Order Execution... am I paranoid? ("Invisible" Fees)

    I dont want to beat a dead horse here, but I was wondering about FreeTrade/Ameritrades 's Auto-Route Order Execution... and wondering just how un-optimal my trades through them may be? What's making me paranoid is Freetrade's commision rate (Free for 20 trades etc etc) and the following...
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    A day trading system

    a34567, I dont know if it's just me being ultra paranoid, but I think a large part of your slipage is actually due to you using FreeTrade as your broker. The reason I say this is sure, your commissions are low ($1) but they make their money off of selling you. This is also probably what...
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    What would be the alternative name for ANTI-CHRIST ?

    The answer to this is obvious, it's the man who requests that you bring him your finest meats and cheeses......
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    "Real Prop", "Secured Prop" etc

    Thanks for the summary GetWhatUDeserve... me wishes other people didnt beat around the bush so much :p
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    Freetrade does not allow Direct Routing to ISLAND (contrary to their own help files)

    Dunno if there was a problem with your math or maybe an ommision from the calculations, but for LowTrades you have total commision of $14 when it would actually be $20. (5+(3000*0.005)) In that circumstance, maybe Ameritrade is actually okay, since they allow direct routing to ISLAND...
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