Rollingball

@timothysykes Have you made enough profit this year to get out of the PDT rule yet? You seem to be doing pretty good.

ChrisJackson
ChrisJackson Mar 05, 16 10:49 AM

@timothysykes I am a little confused when it comes to the PDT rule. According to my broker, and what I have been doing has been on less than $2000 and a cash account.... I have no margin no, but, I can trade as much as i want with buying power for the day? I think people are misinformed when it comes to thinking they have to have 25K just to day trade.

timothysykes
1
timothysykes Mar 05, 16 11:12 AM

@CJaxson I hold half my stocks overnight so this no confusion, overnight trades don't matter

ChrisJackson
ChrisJackson Mar 06, 16 10:36 AM

I meant confusion with other traders thinking they have to have 25K just to trade often. Sorry, needed to clarify lol.

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OptionsTraderDean

Lots of interest in trading options lately because of the amazing potential. I just want everyone to understand there is also great risk. Today I am refunding my account because I was not disciplined in taking losses. For anyone to just jump into trading options without proper education would be account suicide. Options expire worthless.... Good Luck

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jlm
jlm Jan 22, 16 2:38 PM

When you say the most you can lose is 100% you're talking about the cost of the option right?

ChrisJackson
ChrisJackson Feb 21, 16 11:42 AM

When you're on the buying side. Selling you can lose more than 100%.

ChrisJackson
ChrisJackson Feb 21, 16 11:49 AM

What technical analysis studies are you using? Any ichimoku, Fib's, or bollingerbands?

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Rollingball

@CJaxson Are you playing mostly blue chip stocks?

ChrisJackson
ChrisJackson Jan 06, 16 10:55 AM

I do options versus solid stock buying as my account is not the size to buy thousands. Also profit margins are higher for options.

ChrisJackson
ChrisJackson Mar 05, 16 9:09 AM

@Rollingball I seem to be doing okay, check out some of my trades. Options have more % potential. I don't see the point in risking thousands to make hundreds.

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Rollingball
Rollingball Jan 05, 16 11:47 AM

slowed down mid day. May be able to play between 1.90 and 2.04 if it starts moving again.

ProfitVine
ProfitVine Jan 05, 16 1:39 PM

Heard of insider buying of almost 150,000 shares around newyears. No news for it to spike; could look like LEI after it's spike.

Rollingball
Rollingball Jan 05, 16 2:05 PM

@ProfitVine I did notice there was no particular catalyst for this, but I try to follow the price action ( and sometimes I'm wrong). It is a bio stock so what I've heard from @timothysykes is to play the price action.

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