How to use E-Trade
Getting Started
Congratulations on your new brokerage account with E-Trade. Login into your account. On the far right click (Launch Pad). Look for Power E-Trade, Click (Launch). Pop up window click (OK). Right above the word Trading (slight right) look for the symbol that looks like a lightbulb (click the lightbulb). The drop down menu click (Platform Tutorial Videos). Under Platform demos click (Power E-Trade).
Make sure you watch Videos
(Power E-Trade). Make sure you watch Videos: Stock trading on the Power E*TRADE platform - Identifying Opportunities using Live Action - Automated Pattern Recognition - Stock trading on the Power E*TRADE app and Technical Analysis. (Stop)
Scroll back up to Platform Demos - Underneath, to the left of Power E-Trade Click (E-Trade).
Make sure you watch Videos
(E-Trade). Make sure you watch Videos: Stock trading on etrade.com - How to use the Stock Screener - Stock trading on the E*TRADE app. (Stop)
Link External Bank account
Go to E-Trade home page, click (Transfers) Drop down menu click (Transfer Money) - Click (External Accounts) - On the far right click ( Add External Funding Account) Follow instructions.
Additional Questions.
1-800-387-2331
Side Notes
With Power E-Trade: Launch Power E-Trade, Under trade type in your ticker that your trading, Underneath the name of the company you will see a arrow click the (Arrow) so it is pointing down, Above the name of the company look for studies click the (Arrow for drop down menu) Click (Volume) change the up volume to (Green) and change the down volume to (Red) Click (Save).
With Power E-Trade: Launch Power E-Trade, Look for tabs - Views, Display, Studies, Events, - To the far right you will see two squares. Click ( The Squares) Go to the Top/Right where it says Chart, Click the (Drop Down Menu) Then Click (Chart & Ladder)
When Power E-Trade is up, Click
Studies drop down menu to (Volume & MACD). These two charts are good to have up while trading.
E-Trade: How to find and buy stocks. (Watch)
Syllabus
What is Day Trading
Day trading is a form of speculation in securities in which a trader buys and sells a financial instrument within the same trading day, such that all positions are closed before the market closes for the trading day to avoid unmanageable risks and negative price gaps between one day's close and the next day's price at the open. (Watch)
What is OTC Stocks (Over-the-counter)
Over-the-counter (OTC) refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded over-the-counter are traded via a dealer network as opposed to on a centralized exchange. (Watch)
What are Penny Stocks
The U.S. Securities and Exchange Commission (SEC) uses the term “penny stock” to refer to a security, a financial instrument which represents a given financial value[2], issued by small public companies that trade at less than $5 per share. Penny stocks are priced over-the-counter, rather than on the trading floor, hence the use of the name “OTC stocks.” The term “penny stock” refers to shares that, prior to the SEC’s reclassification, traded for “pennies on the dollar.” (Watch)
Dip buying morning panics
What is Buy The Dips? Buy the dips refers to purchasing an asset after it has declined in price. Buying the dips has different contexts, and different odds of working out, depending on the situation in which it is utilized. Some traders may say they are buying the dips if an asset is in a long-term strong uptrend. (Watch)
1st Green Day Stock Pattern
These are the most common first green day patterns: Stocks pull back. They consolidate (sometimes for the entire day) They crack around 2:30 p.m. (And when they crack at that time, you can never tell if they are going to gap down or gap up in the second day) (Watch)
Building a watchlist
A watchlist is a list of securities monitored for potential trading or investing opportunities. Investors track the list to analyze price movements and spot trading opportunities. (Watch)
What is a Candlestick chart
A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency. Each "candlestick" typically shows one day, thus a one-month chart may show the 20 trading days as 20 candlesticks. (Watch)
Trading Diary
A trading journal is where you track your daily progress as a day trader. Typically, trading journalentries include details about your trades (or notes on why you didn't trade), what you did, and your overall results. (Watch)
What is The Pattern Day Trader (PDT) Rule
In the United States, a pattern day trader is a Financial Industry Regulatory Authority (FINRA) designation for a stock trader who executes four or more day trades in five business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period. (Watch) To avoid the PDT Rule (Watch) OR just have a cash account AND only trade whats in your account. Margin Account vs Cash Account: Which is right for you? (Watch)
What is Pump and Dump
Traders to follow on Youtube
Trading ORDERS
An order is an instruction to buy or sell on a trading venue such as a stock market, bond market, commodity market, financial derivative market or cryptocurrency exchange. These instructions can be simple or complicated, and can be sent to either a broker or directly to a trading venue via direct market access. (Watch)
What is a supernova stock
Supernovas occur when stocks experience high volume and high volatility. It's an explosion in price that can provide many buying opportunities on the way up. Then there's a huge drop in price which provides opportunities for short selling on the way down. (Watch)
Cutting your losses
One of the most enduring sayings on Wall Street is "Cut your losses short and let your winners run." Sage advice, but many investors still appear to do the opposite, selling stocks after a small gain only to watch them head higher, or holding a stock with a small loss, only to see it lose even more. (Watch)
What % do I invest / Trade
Do NOT invest / Trade more than 30% of your account... Start off small and grow... This is not a race. Race to grow your Knowledge account...
Paper Trading
A paper trade is a simulated trade that allows an investor to practice buying and selling without risking real money. The term dates back to a time when (before the proliferation of online tradingplatforms) aspiring traders would practice on paper before risking money in live markets. (Watch)
Trading halt
A trading halt occurs in the U.S. when a stock exchange stops trading on a specific security for a certain time period. The halt, which can happen a few times a day per security if FINRA deems it, usually lasts for one hour, but is not limited to that. Trading halts can happen any time of day. (Watch)
My Notes for trading
+Market opens 9:30am to 4pm EST, +Rolling five day trade - 3 trades per 5 business days with a margin account, +Always give yourself some room to take a risk if the stock drops, +Prepare one hour before the market open, +Look for midday dips, +Dip buy when the stock dips 20% or more, +Be willing to risk some loss, Cut your losses quickly, +Only focus on 2 or 3 tickers, +Do your homework, +Stop losses are important so I don't panic and sell to early ( However, be careful, it can take you out), +Sometimes the best trade is NO trade, +Do market scans twice - one at night and before market open, +Think of a reason not to trade, +Take small risk - Do NOT size up to fast, +Do only limit orders not market orders, +News moves stocks, +This is a journey - not a race, +Dip buy morning panics - after it's been running for days or weeks - right after morning open -Caused by stop losses with no bad news, +The best spike on Monday is with a good set up close of day on Friday, +It's ok to miss - you're not going to win every time, +Technical breakout is buying above the morning high, + pay attention and know where you want to stop, +Plan your trade and trade your plan, +Carry over on news - If one company has good news - it's possible another company in the same industry can do good as well, +Focus on one pattern, +Do not trade sideways stocks, +Look for the run up, +Always have a plan, +It's very risky to trade right at opening - avoid pre market trading, +Do not trade more than 30% of your account, +Look at history of stock, +Buy the rumors - sell the news, +Take singles and doubles - don't always go for the home run, +Control your emotions, +Don't believe in the company -expect the worst - focus on the action of the trade/ticker, +To many halt stops are not good, +If I don't know use Google or YouTube, +Make a throw away email - go to google type in hot penny stocks and sign up for multiple mailing list, +Invest no more than you're willing to lose, + It's ok to miss, you're not going to win every time. Pick the stock that's already moving up after the dip, one that's been running for a few weeks or days. + openinsider.com will tell you what stocks CEO's & CFO's are buying, (click purchase, CEO & CFO then search) + Focus on one pattering, I like dip buying going up, make sure you have a stop loss in place. Pay attention to the charts, let the stock movement and charts tell you what move to make.
Bonus: Trading Futures with E-Trade
Futures Trading
Trading Futures with E-Trade
Open up a E-Trade Account.
https://refer.etrade.net/mitchellreginald
With E-Trade account add a (margin account).
Call for help. 24/7 E-Trade 1-800-387-2331 (this step and next)
Fund the account with a bank. Ask them how to while you have them on the phone. Have your bank info ready.
How To Get To Set Up
E-Trade home page, Top tab (Trading, drop down menu Futures)
New page will pop up, far right (Watch List) add four tickers, ( /M2K,
/MES, /MYM, /MNQ ) —— Don’t forget to add the forword slash ( / ) to the front of the ticker. Top center drop down menu ( make sure its on Futures) This is a Micro E Mini contract and above are their tickers.
WHERE to find the Micro E Mini Contracts Tickers:
/MYMH2,/M2KH2, /MNQH2, /MESH2
Home page, Markets & Ideas, drop down menu, Futures. New window will pop up. scroll down the page to, Quote Board, On the left, look for the ones that say Micro E Mini. If you you click on the one you want to trade, it will give you info about the Ticker. Click on it, it will open up a new page. scroll down the page, on the right look for Contract Unit and that will give you the price per Point. Keep scrolling down, below look for Additional Specifications. INITIAL MARGIN, cut that number in half and that’s the minimum you would have to have in you account. (That number changes)
E-Trade, you have to have a min of $1000 in your account.
After set up, look at all ticker’s 1st.
In Watch List, hover over ticker, click on chart symbol.
When chart comes up. Top right conner look at Volume (To the left of Watch List) Invest in the chart with the highest volume.
——————————————————————————
When you’re comfortable you can start trading E mini Contracts. (More Money) HOWEVER, START!!! with Micro E Mini Contracts.
Tickers for E mini Contracts are ( /RTY, /ES, /YM, /NQ. )
What is the difference between mini and micro futures?
The size of the contract refers to a contract multiplier. As noted above, Micro E-minis are one-tenth the size of an equivalent E-mini contract.
Why trade futures?
Futures Trading for Beginners (Futures Trading Explained)
How To Trade Futures For Beginners 1. | The Basics of Futures Trading
How To Trade Futures For Beginners 2. | The Basics of Futures Trading
How To Trade Futures For Beginners 3. | The Basics of Futures Trading
How To Trade Futures For Beginners 4. | The Basics of Futures Trading
Micro E-Mini Futures Contracts
Day Trade Micro E-Minis: How to Find Trades, Which E-Mini to Trade & When
Fast Start to Day Trading Micro E-mini Futures for Income
Day Trading Micro E-Mini Futures: Why Trading Small Means Big Money
Futures customers:Call us for help at 877.553.8887
The majority of futures contracts start trading Sunday at 6 p.m. Eastern time and close on Friday afternoon between 4:30 and 5 p.m. Eastern, depending on the commodity.
While trading in the U.S. stock market is most active from 9:30 a.m. to 4:00 p.m. ET, stock index futures trade nearly 24/7. The rise or fall in index futures outside of normal market hours is often used as an indication of whether the stock market will open higher or lower the next day.
Notes:
E-Trade chart setup. Home Page, Go to Trading, drop down menu to Futures.. New Page will pop up, Individual Brokerage drop down menu to Account Futures.. Studies drop down menu to (Volume & MACD). Have two pages open for trade. One page for trade and one page for Additional Specifications. E-Trade needs a min of $1K USD in the brokerage account Balance. Use 5 min candle sticks / I’m not sure about this, will have to look at it with 1 min candle. ??? (Ok, I like the 5 min candle)... Look at Candle diagram below. 5 vs 1.
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Day Trading for a Living - Lower Risk for Home Investors using Micro
What is the MACD indicator?
The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries.
MACD Winning Trade Signals, Managing BUYs and SELLs
Profit Opportunities on a Day when the Index is DOWN
MACD money Live Day Trade Micro E-Minis
Candlesticks Charting w/ MACD for Day Trading
Micro e-Minis:Low Risk Trade Signals - Practice Trading Skills
How to win with MACD indicators BUY signals and how to manage losing trades Lesson 1
Micro E-Minis: MACD Winning Trade Signals Lesson 2
( I like to catch the MACD one min after it cross over )
MACD Trading Strategy
(Enter a buy trade only if The lines cross upward, but only if they cross below the zero line. If they cross and it's above the zero line, you only enter a short trade if the lines are crossing downward and is above the zero line.)
Day Trading Micro E-Mini Futures: Trade With Less Risk More Profits
Each Contract has a min dollar amount per Contract. To find this amount, go to E-trade Home Page. Markets & Ideas, Drop down menu to Futures, Scroll down to Quote Board. Find Product that you want the price on and click it. As an example (Micro E-mini Russell 2000 M2K) Scroll down, on the right side look for Contract Specifications, Scrool down to Additional Specifications, then INITIAL MARGIN, That $$$ amount is what you would need in your Margin account to TRADE per Contract if you hold overnight, if you don’t hold overnight and do a day trade. You would be able to get two contracts for that same price (Just make sure youre out of the trade by 3 pm EST)…. To trade Click on the Ticker in the watch list, new window click trade, Each QTY = 1 contract. Price Type (Limit), Limit Price ( in between Bid and Ask), Lower right hand coner click preview, then send. To Sell, do the same thing just click SELL, under Action.
Big drops might be a bounce up…
Be comfortable with capturing one or two points and getting out.
It’s ok to get out and get back in.
Stock Market Order Types (Market Order, Limit Order, Stop Loss, Stop Limit)…
Stop Loss. OCO
Short: Top Buy -(Stop) / Bottom Buy-(Limit) Duration (Day or GTC)
Long: Top Sell - Limit / Bottom Sell - Stop , Day or GTC
Stop and Stop-Limit Orders
Using Technical Analysis
Trading Up-Close: Stop and Stop-Limit Orders
My go to is buy limit order and sell with a stop loss. ( two separate orders)
How Short Selling Works (Short Selling for Beginners)
Note: Short Selling, Sell then buy. Sell high and buy low.
Market Hours Trading Futures with E-Trade
Make sure you are out of your trades by 3 pm (For day trades)
Sun 6pm EST to Mon 5pm EST
Mon 6 pm to Tue 5pm
Tue 6 / Wed 5
Wed 6 / Thur 5
Thur 6 / Fri 5
Sat Closed
Best hours to trade 9:32 am to 11:30 am and 2pm to 3pm (EST) more Volume… More contracts being traded. The first 10 to 15 are too crazy for me.. So I wait…
I noticed that the Russell 2000 moves very similar to the S&P 500, ups and downs. However, the S&P 500 has more Volume.
I use the Russell in the day and the S&P at night. the Russell is less money to play.
$500 TO $5000 A DAY! DAY TRADING FUTURES!
How To Properly Increase Your Trading Profits
WITH TRADING FUTURES, ONE WAY TO TRADE IS
BUY THE Contract, Set a STOP loss and modify it as it goes up… Keep adjusting your stop loss.
Don’t play your stop loss to close… Give it room to breathe and adjust…
Wait for the right time to get in and buy a crontract…
Purchase at support and sell at resistance. Keep an eye open for the break out…
Be aware of false bottoms / Support….
A quick drop will bounce back. A quick high will drop…
Do not try and guess the bottom or top.
Take your profits!
Don’t be greedy, go for the base hit. Be comfortable with gaining 1, 2 or 3 points and getting out. Do not get emotional and revenge trade. It’s ok to take a small loss.
If you are online at 9:30 am EST Trading. wait for about 5 mins before you start trading to let the market shake out…
If you get in pre-market, make sure you get out by 9:25 am EST
Wait for the play to develop, Don’t force it…
3 Common Psychological TRADING Mistakes
Trading Micro Futures: How To Trade the Market Opening the Safe Way
Micro E-Minis: How to Create Lower-Risk Trades with the Micro Futures
ONLY BUY When Price Is Near This Day Trading Indicator
Day Trading 3 Minute VS 1 Minute Chart?
Best Scalping Timeframe - 1 min - 3 min - 5 min - 15min
Simple Day Trading Strategy! 3 Minute Chart!
Trading Futures with The Break & Retest Strategy | Real Trade Examples
Support and Resistance Didn't work Till I Discovered This SECRET
The SECRET to the Hammer Candlestick Pattern - Reversal Patterns
Out of the minute charts, I like the one minute Chart the best. I changed my mind. The 5 min chart is safer, less volatile. However, I look at the 1 min chart for support and resistance levels.
Remember, ride the wave going up or down. Stay away from trading when it's gong sideways.
Day Trading E Mini Futures | Live Scalping 006
Tools for day trading, Volume, MACD, Moving Average and VWAP.
E-Trade fees for Futures Trading. $1.50 per contract
Wait for the right play
Get out below an even number $3.00 > $2.98
Fear of missing out FOMO is real
If you Buy at open bell 9:30 am EST… Buy OTOCO
Look at CNBC in the morning before trade
More contracts over more points. (Don't buy to many contracts at once)
Start maneuvering in the minor league as if I was in the big league. Especially if the goal is to get in the big leagues.
If the market is going sideways, do not trade. Instead follow the trend up or down.
I have to control my emotions especially when it comes to the drawdown.
Look at this before you trade.
U.S. Economic Calendar
https://www.marketwatch.com/economy-politics/calendar
CNBC
Most of the time you are watching the market and looking for the right trade and not trading.
You can mark your support and resistance lines with horizontal line.
One way to spot a short squeeze in real time. When the chart is at the high of day and the wicks have broke above but fails to breaks down, look for the squeeze play and the break of the high of the day.
Start setting goals and be willing to walk away onece you acheive them… Don’t be greedy…
Double check your settings. If you’re willing to sell just do a stop loss instead. If you’re willing to sell, be willing to do a stop loss instead.
Fear and Greed controls the market. Lean how to take a loss and be ok with it.
50 contracts at $5 per point (X) 4 points. = $1K ($33K in Bank to play)
E-Trade Fees per contract $1.50
Learn to reverse with the market.
Make sure your trade is based off of technical analysis and not emotions.
Do not trade more than 4 hours at one time. After 3 trades, if you have not met your target , you're done for the day. (Take this time to study the market).
I Lost A Lot Of Money Day Trading, Until I Understood Smart Money Manipulation
Be Happy with two points.
Get out of the trade with Futures before 5 pm EST
Make a plan before you trade and stick to the plan…
I do better in the 1st hour. Get in and get out with your profit... Do not log back on... No more than 3 trades per day. Hard Stop! (Try agin the next time...)
Take what the market gives you. There is always an opportunity... whether it's to learn or earn.
"There’s a time to go long, there’s a time to go short and there’s a time to go hiking/fishing" Book:
Reminiscences of a Stock Operator
Book by Edwin Lefèvre
Recover from Big Loss Day Trading Stock Trading Psychology, Rules & Discipline
IS IT TIME TO TAKE A BREAK FROM TRADING!?
It's ok to take a break from trading.
It's ok to go back to studying and paper trading. Don't blow your account.
The most successful traders are those who can control their emotions and stick to their trading plan.
Sometimes the symbol changes. When you are in the Power-E-Trade screen, to the far left, underneath Trading, in the search bar, type: /M2K and a drop down menu will pop up. Pick the right month...
- M2KH3MICRO E-MINI RUSSELL 2000: MARCH 2023
- M2KM3MICRO E-MINI RUSSELL 2000: JUNE 2023
- M2KU3MICRO E-MINI RUSSELL 2000: SEPTEMBER 2023
- M2KZ3MICRO E-MINI RUSSELL 2000: DECEMBER 2023
- M2KH4MICRO E-MINI RUSSELL 2000: MARCH 2024
- M2KM4MICRO E-MINI RUSSELL 2000: JUNE 2024
For support and resistance levels, I look at multiple charts. 1 min, 5 min, 1 Day, 3 Day, 3 Month, 6 Month, 1 Year. However, I trade on the 5 min chart.
Day Trading Stop Loss Strategy! SIMPLE!
Day Trading Micro E-Mini Using Stop Loss to Keep Your Profits
Continue to learn from past mistakes and focus heavily on risk management and backtesting.
Master Supply and Demand Trading (ULTIMATE STRATEGY)
The ONLY 3 Reversal Patterns You Will Ever Need...
The Ultimate Candlestick Patterns Trading Course
The Easiest Charting Video You'll Ever Watch!! | Learn How To Chart In 10 Minutes!
Start with the one day chart, one hour, 15 min, 5 min
Best Trend Lines Trading Strategy
*Jay Z says don’t go with the flow be the flow. However, in trading, don’t be the flow go with the flow.
*Don’t try and guess the top or the bottom. *Don’t look to trade, wait to trade. *Wait for the right set up which is your set up. *t’s better to get out of a bad trade and reengage versus Staying in a bad trade. *Double check the trend of the trade before entering
*After trading make sure you go back over your day Trade to see what you did right or wrong. More importantly where can you improve and do it different next time.
*Look at the market at minimum 15 minutes prior to 9:30am Eastern standard time
*Be patient and wait for your play.
*Be OK with not trading or missing out on a trade.
*Set a goal and when you meet your goal, walk away.
Make sure you have confirmation on the trade, before you take the trade. *Be careful of the fake out.
*Wait until both the red and the green MACD lines have committed and crossed over the center.
*OCO (One Councils Other)
One part has to be a stop and the other part has to be a limit. Part one, Part two.
*Be ok with not trading, wait for your setup.
*This is not a race, take your time and wait for the right trade.
*Wait for confirmation
Aug 25, 2023
Avoid Costly Mistakes: Mastering Micro E-mini Day Trading
Chart Patterns | Technical Analysis
ULTIMATE Scalping Course
3 Common Psychological TRADING Mistakes
Trading Psychology and the 5 Rules to follow
MACD Indicator Trading (This works better on the one min chart)
3 Candlestick Pattern Secrets That Can Make You A Profitable
Risk Management & Position
Best Scalping Entry - Price action
The Most Important Rule In Day Trading
TOP 10 Day Trading Mistakes YOU NEED TO KNOW!!!
https://youtu.be/gcMKdkCdwdY?si=C1DXvLEiuUqKn2D1
When face with a big loss. Step away from the computer, regain yourself emotionally.
Mindset is most important
1st 5 minutes, trade on the 1 minute chart. Then switch to the 5 minute chart. Look at trend, set chart lines, adjust chart lines.
No more then 3 trades, per day. +2 points or more, walk away.
$150 per day is $2340 per month, after taxes. $2340 per month = $150K House, financed by bank.
Fees $2.83 per contract, per position. Buy and Sell one contract it will cost $5.66.
At some point in the trade, you must set a stop loss, (hold one point minimum for profit).
Not wanting to take a loss can lead to bigger losses.
Wait until the candles show you a pattern.
Be OK with missing out on a trade
In a emergency, if the Trade is not going your way. Get out of the trade with a market order.
If Day trading is too fast for you, with Futures you can try night trading. It’s a lot slower.
Most overtrading is due to lack of patience and FOMO.
It’s ok to not trade or miss out on a trade. Wait for your trade.
Periodically refresh your page so you don’t get timed out with E-Trade.
With two or more contracts, use half to go up and half to come down.
Discipline is better than regret
Cut your losses quickly, never lose more than 1/3 of your daily gains.
Pilot Trade. https://www.instagram.com/reel/CtsynEhMkBu/?igshid=MzRlODBiNWFlZA==
Pilot trade. start off with one contract and add to it.
1 to 2/3 risk management.
Don’t loss more than 30% of your gains in a day.
Don’t trade when emotional.
Get into the trade small, then grow. Cut your losses quickly.
Before you trade. Look at the bigger picture 1 day to 1 year, 1 min to 4 hr.
Mental state of trading https://www.instagram.com/reel/CsjDZ0fobet/?igshid=MzRlODBiNWFlZA==
To find your statements. Go to homepage. Go to the tab document. Drop-down menu to brokerage statements. Drop down menu, select futures account. Choose your statement date.
Do not trade when you’re emotional, for whatever reason.
Stick to one time frame, I choose five minutes.
The market changes every day. Yesterdays market is not today’s market.
Stick with the 5 min charts.
In a downward trend, Below the VWAP and MA, go short. Above and upwards, go long.
Try this for 30 days. Trading RULES
- Start with one contract and add to it.
- MACD, Wait for GREEN to commit and crossover up or down.
- Wait for confirmation in trend.
- Go with the trend.
- Double check support, resistance and trend lines.
- Use stop losses.
- Walk away with your gains
- Cut your losses fast.
- Hard stop at 3rd trade win/lose
- Stick to the rules.
Stick to the plan, base hits can add up.
1 Min candle VS 5 min candle
1 min candle chart
1 min candle chart
1 min candle chart
Look at the MACD 1 min chart vs
the 5 min chart
5 min candle chart
1 min candle chart
1 min candle chart
Look at the MACD 5 min chart vs the 1 min chart