Thanks , and I totally understand that, but I don't want to stop trading, I want to learn from trading.
What about making money from trading? What are you learning from trading Right now?You are setting off alarm bells with every trader here who has ever blown out an account, which is probably all of us. Successful trading takes time, lots of time. You have a chance right now to slow down and learn.
There is not one damn thing funny about blowing up Get your ass on sim - figure out the kinks - then go live with very small size (AND..., an increased account) RN
I had a very high success rate before last Friday, hope it's not just new trader's luck. I'm fine tuning my trading rules every day. If I don't trade, how can I become a better trader? Added several rules after the failure: 1. Never ever trade more than $10K at one trade. 2. Never lose more than $200 in one trade. 3. Never lose more than $300 within one day. 4. Don't long when the market is bad. Don't long stocks that are in downward trend. Lost $300 on NFLX. Thanks everyone for your suggestions, really appreciated it.
Don't risk suspending your account! Really, there is a rule where the acct (or your daytrading priviliges) can (will) be suspended for 90 days if it falls below 25k: https://research.scottrade.com/know...rticle?docId=0d1519113bb04b72a79240759174865d Best is stock up your account...
Yes, I think one also must wait 90 days until one can daytrade again. And one loses the margin right, ie. has then only a cash acct. These rules are IMO nowhere clearly stated, the brokers can handle it each differently.
So you are saying he should learn MM and trade with a small size........ You are the one looking like an idiot now Redneck To the OP, go read my posts from the past 24 hours, it will help you avoid being in this situation ever again
You are correct. Even if he was not trading options there are ways to create synthetic longs or shorts with options and neutralize his position