Why Thinkorswim Is The Best Broker & Tonight I’m Gonna Celebrate Today’s Trading Gains In Style

Tags: AOL, Patterns To Buy, TIM Lessons, Thinkorswim

TIM $13,928, Up $20, Gonna Splurge Tonight, Maybe Olive Garden!

Daily comedic relief

Potential Supernovas: None, unfortunately

See which stocks I think you should buy ahead of earnings!

FRPT another Lionmaster pick, spiked mid-afternoon on TradeTheNews.com big contract rumor, rumors are usually wrong, too tough to chase, continuation of this move possible, but not overly likely, avoid until after the fact because if true, this can really go up big and that is predictable.

APWR, Superman on TheLion.com’s call of the day, called it around $15ish after contract news (unfortunately not signed, just LOIs, could be fluff, but it’s hypeable fluff!), great, great, great chart breakout of 3 month base between $12 and $14. Now that is a breakout, none of that possible breakout crap, click this chart:

and brand the image into your brain. I tried buying several times throughout the day on each new breakout, always missing by pennies…

It was between ONT FRPT and APWR to buy for Monday gap up and momentum continuation. ONT, up on rumor news, has always let me and everyone I’ve ever met down in the past so that was out (judging by the close, I’d say I was wrong—TIM Lesson: Hate on these companies all you want, when the patterns offer setups, remain unbiased!, FRPT didn’t close strong, and this one had constant sellers too, but the spread is so much, those sellers (possibly short sellers) will either be gone, squeezed or right come Monday morning (my guess is squeezed), so I was determined to buy before the close.

I placed my order at 3:55 for 200 shares with a limit price of $17.65, there was a big seller at $17.63, so I thought I’d get it immediately, but sadly did not. For the next few minutes before the close, there were several other ASKs under my limit, but at the market close, I still hadn’t gotten my shares. So I brought up my handy Thinkorswim chat and told them my story. They said they’d look into it and within a few minutes had pleaded my case—for 200 stupid little shares—with the exchange and had gotten me filled afterhours at my limit price.

Who knows what really happened—and who cares—but they got me my execution, just the latest example of why Thinkorswim is the best broker around. Other brokers wouldn’t have done anything or the trade inquiry would take days. Now I have my overnight position, the message boards will be hyping it all weekend as the next EFUT (intraday price action is scary similar) and I should get my $1-2 gap-up/morning squeeze on Monday, maybe more.

ETFC up 40ish cents every morning now, when will the trend end, who’s brave enough to buy in for Monday? Not TIM—today’s fade is very bearish, but then again, it’s too scary to short a stock like this. Avoid.

INFN, great earnings mover today, lots of overhead resistance/bitter shareholders, tried to buy on the afternoon breakout of $14.20, missed my execution and it went too fast. What a shame, could be a nice Monday gapper, but with these earnings breakouts into bearish charts, you can never really tell.

TLEO nice bottom in, who’s brave enough to buy before earnings? Not TIM, possibly a great pattern, but too pricey a stock for any big gains.

Sure it sucks there’s so few plays right now—my haters will say I suck at trading, maybe they’re right blah blah blah—but as I’ll repeat more times than analysts will screw up calls—think eternally—the best opportunities only come about so often. As you’ve seen from my lack of returns in the past 2 months, trading every day does little more than frustrate you, bring in either some small gains or losses and rack up commissions for your broker. That kind of trading is why most people think trading isn’t for them.

So, I’ll keep watching and waiting for all the proper variables to align, even then, success is not guaranteed, but by only trading those instances, my odds of success go up, and in time, you’ll see how that helps my returns and why I’m committed to promoting that as the proper way to trade, for newbies especially.

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