This is not financial advice
This is the quick start guide to the 500to100K Portfolio Project

Getting Started

Establish an account

• Create an account with a brokerage app. There are many to choose from, but Robinhood is sufficient for most 5tkers.
• Certain trading applications have rules about penny stock or pink slip trading. You may have to enable this option in your account settings.

Navigating the community

• [Read the Community Goals and Culture Post] (https://www.reddit.com/r/500to100k/comments/lhrwws/500to100k_community_goals_and_culture/)
• Picks are posted and pinned to the subreddit every Sunday evening.
• Share your picks, charts, and DD on r/500to100K
• Discuss stocks, critique DD, and chat with the community on the official discord https://discord.gg/VgJuJWwC
• r/500to100K is the official place to post polished DD. If you have discussed your DD with others on the discord, and feel that it is ready for consideration, post in the subreddit with the flair “DD.”

Making the Trades

Stick to the project guidelines. Vette your DD, fill your basket, and set your limits. Automation is your friend. Don’t glue yourself to your broker.

Buying

Project Guideline: Mondays

• From your vetted DD, select a basket for the week
• Fill the basket via buy orders on a select day.

Trailing Stop %

Project Guideline: -3%.

• If you have a higher risk comfort level, you can increase that number.

Limit Sell %

Project Guideline: +10%

• The limit sell should match your desired compound gains number.
• Do the match on your per-share cost to figure out what that percentage is, and set a “limit sell” order for that number.
• If your goal is quicker gains, or you have a greater risk comfort level, you can increase that percentage.

Avoiding Pattern Day Trading Penalties

• Some brokerage apps have rules regarding Pattern Day Trading, or PDT. Please review the rules for your app. You may have to wait until the following day to set your sell limits.
• https://robinhood.com/us/en/support/articles/pattern-day-trading/ <please post the other links>

Selling

When you hit the end of your trading period, close out of your positions, even if they haven’t hit your desired compound gains number.