Chronos247
Chronos247 Aug 05, 16 12:26 PM

Thank you to everyone who helped me understand the rule! So I just want to confirm one more thing...from what some of you have said it sounds like swing trading is exempt from the PDT rule. Meaning you can open a position monday afternoon and close it tuesday morning and this doesn'

Chronos247
Chronos247 Aug 05, 16 12:27 PM

doesn't count towards your 3 day trades. Am i correct?

Aromo
Aromo Aug 05, 16 12:43 PM

yes, swing trading is no problem as the transaction is on a different day. :)

tradethedayaway
tradethedayaway Aug 09, 16 10:04 PM

Please feel free to correct any of my misunderstandings here, but the PDT applies to intraday trades - trades that are bought and sold (or shorted and covered) within the same day. Swing trading describes the style of trading in which stocks are typically held for more than a day as opposed to day trading which describes the style of intraday trades. I am sure people who describe themselves as one or the other will make both kinds of trades. But, if the PDT rule is something that may effect y

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Aromo
Aromo Aug 05, 16 12:42 PM

@Gibran no twitter bro, pollo gnarly en el face!

Gibran
Gibran Aug 05, 16 3:03 PM

@Aromo Te mandare mensaje directo por profitly.

Wakko
Wakko Aug 05, 16 5:38 PM

@Aromo you know that 1 option contract is the same as 100 shares?

Aromo
1
Aromo Aug 08, 16 2:07 PM

@Wakko ?? you´re joking right? of course I know... if you see my trades (even I made the mistake of putting stock instead of option) I multiply x100 all the time to get the real profit

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ajtherens72
ajtherens72 Aug 01, 16 9:54 PM

Tim made his first million on buying breakouts

Aromo
Aromo Aug 02, 16 6:46 PM

with long term you mean 1 day, 2 days, 3 months, 1 year?

communist_owl
communist_owl Aug 02, 16 10:27 PM

on avg, 1 week..sometimes 2 or 3 weeks

Gibran
Gibran Sep 22, 16 10:47 AM

@communist_owl Pennystocks have limited volatility , watch out for that , so swing trading them is a whole lot different concept.

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marzsec20
marzsec20 Jul 25, 16 2:07 PM

Understandable. Simply trying to diffuse the negativity with a bit of humor. Nothing is full proof. Theres a lesson in this post as well, having to do with emotion conttrol haha. Jokes aside, lets finish this ManicMonday on a positive note! $Happy Hunting$ @timothysykes

banyan
banyan Jul 25, 16 2:28 PM

Tim, the issue has been resolved. Michael worked on it and sent me a link I can get into with https:// in front of it. I cannot get in through the dashboard as I always had been because it was not in the dashboard link anymore.

banyan
banyan Jul 25, 16 2:30 PM

Also, I do appreciate how hard you and your team works, I really do. It got very frustrating at 9:00am when I could not get in and was looking for ideas today.

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Aromo
1
Aromo Jul 19, 16 4:14 PM

@babynoah thanks man, I trade mostly options, I found out those are more predictable and respect the technicals :)

Zenyatta
1
Zenyatta Jul 19, 16 5:04 PM

@Aromo you'll find this probably hilarious, I put my avatar/tag together before it's release and have been to busy with family and works to even play...:(

Zenyatta
1
Zenyatta Jul 19, 16 5:07 PM

@babynoah It's true, my baby is my battletag lol. Thanks for the compliment, you'll be here soon I think.

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Scr1pt_K1ng
Scr1pt_K1ng Jul 06, 16 7:45 PM

Sorry, i didn't mean to give off the idea that i love that i lost that money. I would love to have that money back -- for sure. What i love is that i learned from it. I love that it won't happen again. 1300 was a lot of money, of course. At least to me it was. It is my dream one day, i can make that in a single day. @dsmcoder , thanks for the kind words

Scr1pt_K1ng
2
Scr1pt_K1ng Jul 06, 16 7:48 PM

@Legendario , I'll make it big one day, and then you can reference me as someone who went broke and came back ;)

Zenyatta
Zenyatta Jul 19, 16 5:09 PM

@Legendario @awrfisher You guys should read any of the Market Wizards by Jack Schlager, plenty of master traders blow up once or twice before hitting their stride.

Zenyatta
Zenyatta Jul 19, 16 5:11 PM

My mistake, it's Jack Schwager here is the 2nd book <a href="https://www.amazon.com/gp/product/0887306675/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0887306675&linkCode={{linkCode}}&tag=brassmaggie-20&linkId={{link_id}}">The New Market Wizards: Conversations with America's Top Traders</a><img src="//ir-na.amazon-adsystem.com/e/ir?t=brassmaggie-20&l=am2&o=1&a=0887306675" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />

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Aromo
Aromo May 25, 16 4:42 PM

I started trading after a few hours of lessons here in Mexico (mostly about big companies and not penny stocks) needless to say, I lost half of my account pretending I was trading... learned the bad way but what a knowledge! now I moved to paper trading but I have a lot of experience since I graduated from a lot of classes of stock market (given from real traders) and know I´m doing way better. I follow the rules, I get the technicals and I get out quickly. I would say that penny stocks are not

Aromo
Aromo May 25, 16 4:44 PM

for everbody, I found my own strategy buying options, and got almost same profits as pennystocks, for me options are more predictable. anyways nice to read your comments! stay green and study hard man, cheers!

charliearmstrong
charliearmstrong May 25, 16 5:34 PM

I think that everybody needs to do whatever they can to prepare. Taking clases, reading books, watching Tim's DVDs. What I'm sure is that you have to put on the time, to make you suceed.

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Rollingball
1
Rollingball May 11, 16 1:56 PM

His trades are all verified and posted here on profit.ly he also shows his tax records and has audits done once in awhile so I believe his trades are true. This is why studying is so important to learn how to find the best trades.

Aromo
Aromo May 11, 16 2:10 PM

@PlanB I don´t mean his alerts, I mean his actual trades, there are a lot of beginners that will put their money just for seeing him enter a trade (I know I´ve been influenced by momentums etc...) but yeah, I´m not complaining, I think it´s a perk too.

aaqibazeez
1
aaqibazeez May 11, 16 2:18 PM

well!! Although TIm always says that not to follow his alerts you shouldnt forget the fact that there are alot of people who would go agaiinst his advice and follow it!! And at the back of the head tim knows this!! But he also is smart and understand level 2 action and gets out when the stock isnt going his way !! But yes thats how most of his trades he either breaks even or has a small profit!! But also i have analyzed his trades !!! And his entries and exit points are absolutely phenomenal mos

Rollingball
Rollingball May 11, 16 2:33 PM

I think it comes down to around 20 years worth of experience

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