Junkyarddog

@Josephzinser just became a fully transparent trader today!

BDub925
1
BDub925 Sep 27, 17 12:34 AM

@Josephzinser Tim favors the PDT rule for new traders because it protects you from over-trading while instead you should be focusing on studying and focus your trades on the highest reward versus risk setups which really only come up a few times a week if that... most traders make 90% of their profits by focusing on only 1-2 primary setups. That said, I recommend Suretrader since you can start with a $500 account with no PDT rule enforcement. The commissions are high only if you purchase more th

BDub925
1
BDub925 Sep 27, 17 12:38 AM

... than 500 shares since they charge .01 per share for commissions with a $4.95 minimum. Also, they have more shares to short than other brokers even for small accounts, but I do not recommend shorting unless you have at least $1500 in your account because they have margin restriction for holding overnight - intraday shorts are fine though. Anyhow, just my two cents but I like ST because I do not have to risk holding overnight to avoid the PDT restriction, plus they only set up accounts with ma

Junkyarddog
Junkyarddog Sep 27, 17 2:21 AM

Thank you very much for this information. I appreciate it. This is such a great group of people.

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