PDT Limitations

Discussion in 'Journals' started by Phxtrader, Oct 23, 2005.

  1. Week ending 11-18-05

    Mon................ $0.00
    Tues............. -$4.00
    Wed............... $0.00
    Thurs..............$0.00
    Fri.................. $0.00

    Unrealized 0.00

    P/L week $-4.00


    Ending bal. $3699.00

    Sat on a semi stock all week, my gain is +55 on the unrealized. Still holding till next week. Wasted a day trade on Plab tues.
     
    #11     Nov 18, 2005
  2. Week ending 11-25-05

    Mon................ $0.00
    Tues............... $85.00
    Wed............... $0.00
    Thurs...............closed
    Fri................... $0.00

    Unrealized 11.00

    P/L week $85.00


    Ending bal. $3844.00
     
    #12     Nov 25, 2005
  3. Ebo

    Ebo

    Dude:

    It's a good thing bandwidth is FREE to post.
     
    #13     Nov 25, 2005
  4. Week ending 12-02-05

    Mon................ $0.00
    Tues............... $28.00
    Wed............... $56.00
    Thurs...............$32.00
    Fri....................$00.00


    P/L week $116 3.0%

    P/L Nov. $378 10.6%

    Ending bal. $3949


    Done for the week, no trades available till Tuesday. Flame away.
     
    #14     Dec 1, 2005
  5. Have you considered trading options as a way around the PDT rule?

    Thanks,

    - The New Guy
     
    #15     Dec 1, 2005
  6. No, I've never traded options, I'm just keeping it simple for now. Next year my cash flow will improve......then I'll be able to grow this account a little faster. Till then, it's slow and steady.
     
    #16     Dec 1, 2005
  7. Fair enough... Good luck to you and congrats on great results so far!

    - The New Guy
     
    #17     Dec 1, 2005
  8. Htrader

    Htrader Guest

    Don't let the haters get to you. There is no reason why you can't turn 3k into 25k. Thats how I got my start 5 years ago. Of course 99% of people will fail, but that goes for almost anything lucrative in life.

    Assuming you have a successful strategy(BIG assumption), the real challenge for you will be avoiding blowups. If you are setting a fixed numerical goal for yourself, its very tempting to take bad trades to try and make your goal if you fall behind.
     
    #18     Dec 1, 2005
  9. Mon................ $0
    Tues............... $109
    Wed............... $0
    Thurs.............. $0
    Fri................... $13

    Unrealized -$28

    P/L week $122


    Ending bal. $4042


    rimm 109, intc 13, amd -28

    Thanks, Newguy and Htrader.....yes avoiding blowups is key, I'm trying to keep them small and infrequent.
     
    #19     Dec 9, 2005
  10. Nice job on growing your account so far

    As your account grows, keep it cool the way you are now: don't get too eager to ramp up size quickly
     
    #20     Dec 10, 2005