| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 25 26 27 28 29 ... 105 >>Post Follow-up |
| CKING 17 posts msg #68943 - Ignore CKING |
11/2/2008 8:25:47 PM TRO, your advices and filters are great! I loved them, as I am learning to paper trade thro Optionsxpress, I found that buy and sell on the same day requires $25k which is too big a deposit for me. Is there any way I could get round this? Thanks again. |
| FuriousThug 256 posts msg #68946 - Ignore FuriousThug |
11/2/2008 9:16:50 PM Nope. The SEC classifies you as a pattern day trader if you make 4 or more intraday trades in a 5-day period...which means the 25k minimum. |
| TheRumpledOne 6,407 posts msg #68950 - Ignore TheRumpledOne |
11/3/2008 7:02:02 AM "RFR'ers are very high I was looking at YTBLA and woundered what you thought about it? " What do you mean "RFR'ers are very high"? YTBLA what's there to think about? Use the RFR Filter Display to give you the stats. |
| TheRumpledOne 6,407 posts msg #68951 - Ignore TheRumpledOne |
11/3/2008 7:09:10 AM CKING 11/2/2008 8:25:47 PM TRO, your advices and filters are great! I loved them, as I am learning to paper trade thro Optionsxpress, I found that buy and sell on the same day requires $25k which is too big a deposit for me. Is there any way I could get round this? Thanks again. ========================================== Actually, the PDT rule only applies to MARGIN ACCOUNTS. You have to read carefully. If you have a cash account, it can take up to 3 days to settle the funds. So you can be "locked out" for 3 days. What you can do is use 1/3 of your funds on Mon, Tues and Weds. Then on Thur the Mon funds should be settled. |
| TheRumpledOne 6,407 posts msg #68954 - Ignore TheRumpledOne |
11/3/2008 9:40:57 AM
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| TheRumpledOne 6,407 posts msg #68975 - Ignore TheRumpledOne |
11/3/2008 9:55:00 PM |
| TheRumpledOne 6,407 posts msg #68976 - Ignore TheRumpledOne modified |
11/3/2008 9:57:06 PM
To paraphrase COOL HAND LUKE: "Sometimes NOTHING is a pretty cool thing to do." Gap up ( runaway gap ) ... No fade, no trade! |
| Eman93 4,750 posts msg #68977 - Ignore Eman93 |
11/4/2008 2:08:48 AM TRO, Auto Trade? |
| FuriousThug 256 posts msg #68978 - Ignore FuriousThug |
11/4/2008 6:25:37 AM TheRumpledOne - Ignore TheRumpledOne 11/3/2008 7:09:10 AM ========================================== Actually, the PDT rule only applies to MARGIN ACCOUNTS. You have to read carefully. If you have a cash account, it can take up to 3 days to settle the funds. So you can be "locked out" for 3 days. What you can do is use 1/3 of your funds on Mon, Tues and Weds. Then on Thur the Mon funds should be settled. ____________________________________________ This is correct. Additionally, if you day trade options via a cash account like TRO mentions, I'm pretty sure settlement is only ONE day in most cases. |
| TheRumpledOne 6,407 posts msg #68979 - Ignore TheRumpledOne |
11/4/2008 6:35:32 AM Auto Trade? What are you asking? Yes, it is possible to auto trade but I do NOT recommend it unless you can think like a computer. |
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