Does the Webull glitch fail if you claim the free stocks they give you for making a deposit?
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You can claim the free stocks, you just can’t sell them…
Cool, consider 1 share of SAN to basically be DRSd LOL
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Just an update to this, I’m looking to get started probably around February 7th. Will start being more active on the trading side next week.
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Thinking of joining in. I recently deposited $1000 to my options-exclusive account. Total account value is around $1100 after a recent failed SPY put
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Son of a bitch, I’m in
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Quick question. Are you gonna trade the challenge from an account that has unlimited day trades or will it be a regular account with day trade restrictions? Thank you in advance.
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My shiny new Think or Swim account is funded and ready to go. Count me in!
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Out of curiosity, is there any type of strategy is being focused on for this challenge? I unfortunately am not someone who can manage to intra-day trade successfully (can only check data/prices a handful of times throughout the day due to the attention my job requires). Would love to see an approach that doesn’t require 100% of one’s time/focus.
That said, it would be completely reasonable if whatever strategy is employed does require 100% of one’s time focus. After all, turning 1K into 1 million will not be an easy endeavor.
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I’m in the same predicament.
Hence, I’ll probably only do shares? Who knows.
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Just got my tastyworks account approved and filled up. Ready to learn and make money!
Cheers to the 7th Feb start point, will get ready by then!
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I’m going to lock in the February 7th start date for this challenge. I’m going to start being more active in the day-to-day trading starting tomorrow and will dedicate to posting updates and such fully next week.
Some clarifications before the start:
- Don’t automatically follow me into every trade - I make wrong moves, you will lose money doing this. I will be realistic about the potential risks in the trades I choose, but you have to trade for your own risk tolerances. Keep in mind, I could set this $1,000 on fire and not care about it at all. I’m going to be taking on this challenge from the mindset that isn’t the case, but that will only go so far. I am a high risk / high reward trader by nature which means that if I miss it’s massive losses. Most of my trades in this challenge will not be these type of trades, but the warning should be heeded anyway. Choose your own position sizing, choose your own positions and choose which plays you take and don’t take wisely.
- I can be wrong. I often am as well. There’s a chance I’m going to blow up this account. There’s a chance we go through a dry-spell without much progress. Be ready for that. This challenge could take a long while or it could never be completed at all.
And some “rules”:
- The plays I’ll be partaking in will come from one of only two places. Primarily I will only be playing things that have established DD on the forum. One of the goals of this challenge is to show the value of our community and I strongly believe that value is best displayed here. The second place will be intraday scalping callouts made in the server. This will be a combination of VC and my own scanner research, of which I’ll make callouts via #server-wide-alerts.
- Should I see an issue with FOMO into the positions I disclose, I will not hesitate to stop disclosing my exact positions. The last thing I want is for everyone following these plays to jump into “what I buy” giving each other shit fills.
- This is a team effort. While I’ll be primarily “guiding the ship” for this challenge. I definitely want those partaking to help in what ways they see fit, through discussions about DD that is on the forum, etc.
I’m really excited to get this rolling and I think this will be great for the community in multiple ways.
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Are you posting your trades on this post?
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Thank you. Looking forward to it!
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I’ll be posting my trades and updates to positions within the various threads on the forum. I don’t want to distract from the individual plays by funneling everyone here.
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While I know we all have the same goal (make money), I’m excited for a challenge to rally around. The conversations that will be had will be very educational, and if people involve themselves it’ll be a hell of an opportunity to improve trading skills.
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Alright so I have less than a week to lose the remainder of my account to get down to $1,000. Challenge accepted!
But seriously I am very excited for this challenge and think it is one of the best ways for our community to manifest it’s stated goals.
Also if you are taking this challenge seriously please adhere to strict position sizing. Honestly this is just as important if not the MOST important aspect of successful trading. Generally 1-5% of your account per play if you need somewhere to start. The regret of “wish I put more in” after a successful play is nothing compared to blowing up an account. Trust me.
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Just an FYI - All keep in mind - Day Trade rules, your $1000 account may or may not be the same as someone else’s - Everyone’s account broker and so one is their own and might have different rules, etc.
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Hold up. Are you going to be using cash account or margin?
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