I’m using a cash account on TD (trading with ThinkOrSwim)
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I am going to partake albeit with a smaller amount, whilst I’ve learned a huge amount watching closely here and the discord I don’t want to burn myself at the first hurdle.
Thanks for providing a platform with which i can take part and continue the learning journey! I’ll pay it forwards somewhen!
In here as well. Smaller starting amount. This will be fun.
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If some of us want to do DD and post to contribute to this challenge what would be an appropriate place to post them? Is there going to be a place dedicated for this challenge?
Post your DD to the forum as you normally would. As Conq said, most of the plays will come from there.
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As @nano said, simply post it in #analysis-due-diligence, I’ll be reviewing almost all DD posted and hand picking plays from them.
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Just got my 1k transferred. Excited to learn and make some money!
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I’m in there like swim wear.
@Conqueror not sure if you’ve talked about it already but maybe you could show your position sizes as well or at least elaborate more on how you decide your position sizes starting with such a small account
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I second this, especially when it comes to buying options on big tickers like SPY. I never go in on these plays because paying $200-500+ for a single contract is a bit intimidating for my account size. Any suggestions on those kinds of plays?
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i disagree. while it’s helpful, Conq stated that this account is like wipe-his-ass money and he has a super-high risk tolerance. for those that are here to learn about how he trades, knowing his position sizes could lead to yolos for small accounts. just my two cents
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He will be doing the 1k challenge just like all of us who will be doing with him. We would like to know the positions and how’s he’s planning to play the 1k etc. this 1k account will be strictly for the challenge
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seems like overall hes positioning appropriately based off his most recent updates. And its up to each individual to not yolo if its not throw away money like Conq’s.
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i dunno. i think Conq’s just practising right now. most can generally get the idea of his general positions from his profits. i feel like it just leads to a lot of headaches if they lose while trying to mirror his account. there’s a reason he said not to in his original post
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I can’t speak for Conqueror, but there are a ton of great posts in the Education section, including ones pertaining to smaller accounts. Check those out for general, “don’t lose your ass on a single trade” advice.
He did say he doesn’t want people just mirroring his trades. If he buys a $4.00 call and that’s too risky for you, sit that particular play out. Or buy it and set a tight stop loss, or watch it like a hawk with your finger on the sell button. If you’re not on a cash account, switch, because nothing sucks more than being forced to hold overnight and waking up to a new virus or war.
At the end of the day, our accounts are our money and responsibility.
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Really like the idea of the challenge it’s a truly speaks to the confidence and the knowledge within this sever/forum
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Oh if he starts with 1k even in the account he won’t have unlimited trades either I presume. Don’t you have to wait for the money to settle after you sell options or stocks in on cash accounts on webull? And if he’s going with DDs from here I don’t think he will be in and out all day with plays.
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options settle in 1 day so if you buy and sell in a day your cash will be ready by the next day. Stocks are 2 days to settle so those take an extra day. But yea he’ll only be able to make a limited amount of trades per day until he’s used up all of his settled cash.
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