Hence the hypocrisy in the rule. There are no rules limiting me how many times I can go to the horse track or Vegas and gamble my life savings...
My whole argument is more against the rule's implementation rather than the idea of trying to limit risk in small account traders. While I...
Then they could simply change the rule. Change it so that you're cut off from trading for a week and all your positions are liquidated when your...
Nice blanket statement, but if you're going to make such a claim, you should show why they are speculative. For example, it is a distinct...
I gave a number of solid logical reasons why it's bad in my SEC letter that I posted in this thread. To sum them up: 1. Increases risk of...
Why? So far people here that say the rule is good have yet to give a solid logical reason why it's good. Sorry buddy, I have a job, and I...
Broker was Thinkorswim. Their software automatically rejects sell orders when you're out of day trades. And their offices were closed during the...
I didn't trigger the PDT. My point was I couldn't exit without triggering it. The stock had showed a trend of closing strongly and gapping up...
Ummm, no, the entire reason I entered the trade right before the close was because I was planning on holding overnight. I had a rule to never...
But that's not effectively a stop loss. If anything, it's the opposite. One of my worst trading losses came when I bought a position near the...
But the risk is no different when holding things overnight. If anything, with the way the market has been the past 6 months or so, holding things...
I apologize for bringing up an old thread, but I came across this thread when doing some searches, and wanted to offer my opinion. There are...
I'm currently looking into joining Cy Group. However, I am new to the whole prop trading firm business (I am with Interactive Brokers right now,...
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