
Explore setting up multiple accounts—brokerage and retirement—with tax-deferred growth, access to funds, and day trade or swing trade possibilities across Roth, IRAs, and 401(k)s.
Learn cash versus margin accounts, including two-day settlement and instant buying power up to four times, and apply trees method, risk management, and paper trading for disciplined trading.
Learn how much capital you need to trade, the PDT rule with three trades in five days, and using simulator trading to build confidence before real money.
Understand bag holding and the missed opportunity cost of waiting in the red, and learn to sell at a loss to reenter at a lower price with a stop loss.
Learn how OCO bracket orders place two sell orders—one for profit and one for stop loss—triggered by a trigger order, with brackets and customizable targets, risk management via trail stops.
Check out our other courses and content to continue your educational journey toward enhanced financial literacy. Join us again soon and commit every day to do something great.
As a continued thank you when you purchase our PART 1 course content, you only pay for what is currently in the PART 1 library at that time. Anything we add to the PART 1 library after you purchase is free to you as you purchased lifetime access to CURRENT and FUTURE PART 1 content.
The purpose of this course is to provide knowledge, comprehension and application training on Think or Swim trading platform to accurately complete the objectives as stated below.
Define the "Basics" setup in regards to Day Trading, Swing Trading or Investing.
Describe the use and importance of the "Basic" setup in regards to account type, dollar amount funding requirements, charts, indicators, order types.
Identify proper account type, dollar amount funding requirements, charts, indicators, order types and risks to maximize opportunities and minimize opportunity costs.
Demonstrate the process to properly set up your account type, proper dollar amount funding requirements, charts, indicators, order types and active trading ladder that best fits for your trading needs.
After completing this course, you will have skills to set up your various accounts, dollar amount funding requirements based on if you are a trader or an investor, build your charts and format your indicators. You will also have the skills to know which order types to use depending on your trading plan and your intent. More importantly, you will know which order types are available at various market times. This is critical as some order types provide for an automated process to buy and sell and some order types have to be manually performed.