Finger on the trigger at 2.97 because it started to look strong but I psyched myself out. Hahaha gotta love the game we play....
Same here Kody, once at 2.97 and then again at 3.03. I wouldn't of made the top but it was exciting none the less.
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Welp... Called E*Trade and found the answer. I'll share it here for anyone that's interested. If you hold the stock for 1 day or less (before the settlement date of the money used to trade (t+2)) Then you do not have to pay any interest at all. If you hold the stock beyond the settlement date +2 days, you are charged the 9.75% on an ANNUAL basis, so it would end up being $0.27 a day in interest. Cheers!
Thanks for that!!!!
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I wonder too. There are so many different currencies out there. Was he telling us to simply drop money in the ones we can and if they boom we will make a profit? Sort of like playing the slot machines.
@mrkenn1 Dozens of Crypto's and dropping money in anyone stock without doing any research is risky. Teeka has made money in the crypto world with credibility, that's why Tim endorses him, he's real. Teeka's webinar what will happen/has happened with crypto and selling a product that will almost guarantee you gains if you buy it.
That's if you follow up and invest money in crypto.
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I am down to do group studying sessions on the weekends. I am not a "great" trader yet lol but I'd like to be a part of this. Unfortunately I don't live in California anymore, so If video call study sessions are something you're willing to do , again I'd be down!
I am down for Video Meetings too I used to live in Cali but have been gone for 20 some years but when this takes off for me I will buy some property there.... but would love to start a study group.
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Trades take 2 days to settle (T2). Even with immediate access in a margin account you would be limited under the Pattern Day Trader rule (PDT) until you can maintain the required minimum. Less trading is a good thing anyway while you study and only trade the best setups. Good luck!
Wait so even when I get the 2000 saved up for margin it will still restrict me until I can maintain that balance?
You need 2000 to sell short and 25k+ to make more then 3 day trades in a rolling 5 day period. This article explains PDT: https://www.investopedia.com/terms/p/patterndaytrader.asp
Re-read through the topic. After I finish re-watching HTMM going to YT posted above and re-watch Trader Checklist. Pulled the trigger today and took my biggest loss to date
@Kody Damn that sucks. I'm really sorry to hear that. I pulled the trigger today, too. And made a loss as well. But, at least in my case, it felt good to enter a trade again and to execute it as planned. Even if the result is negative. I stopped out where I planned to do. This counts.
@Nodrog Right on man. I had some major technical difficulties on my end, exited 20 cents under my mental stop. Price just moved too fast.
@Kody I feel your frustration. Try to shake this feeling off over the weekend and come back refreshed on Monday.
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