![]() ![]() ![]() Set your expectations low as it will take some time to build $300 into anything much larger, but learning the skill of trading will be the big payoff here. Taking this time to learn how to trade will be a good idea since you do not have a work gig, then when you get back to work you will have a skill that can help you possibly earn some side income going forward, and really for the rest of your life. I'm a daily user of TOS and love it, but starting with only $300 you may be better served trading on Robinhood and use TOS to research trades. you would first need to select the an account from the account drop down at the upper left of the thinkorswim software (it cant be on TOTAL ALL. Log into the account then follow Client Services>My Profile>Link Accounts. If you buy 10 shares of a $25 stock and the stock goes up to $26 you will make a $10 profit, but the commissions will be around $8 to open and $8 to close, you would lose $6 in the transaction. You would do this through the TD Ameritrade website. With that out of the way I've not heard of any minimum to trade stock, but you will be a hard time making any money with only $300 and the TOS commissions. Since you are not near that point it doesn't matter now, but be aware if you get enough it can help but is basically a loan so has to be managed. Some ThinkOrSwim platforms can be linked. ![]() And to send orders to the market, I use a local broker with whom I can open an account. You can get a live account ThinkOrSwim without a deposit in Ameritrade TD here. A margin account is where they will expand your buying power using the stock or position as collateral. But most importantly, I can add my indicators and scanners exactly as my mentor uses them. ![]()
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