Received 9 Karmas
Conner_TaMader
Conner_TaMader Jan 25, 11:25 PM

Awesome Bob! Thank you so much for the help!

Conner_TaMader
Conner_TaMader Jan 25, 11:39 PM

Do you have a specific place to find the 100 day average?

Turbobob
Turbobob Jan 25, 11:49 PM

Most financial sites normally calculate the short interest ratio. If not, just use the average volume shown on a site like yahoo finance or finviz

Join now or log in to leave a comment
Received 1 Karma
Torkers
Torkers Nov 19, 17 5:24 PM

im thinking this can still run

RBI
1
RBI Nov 19, 17 7:11 PM

I'm looking for the backside, thought it was in earlier but I was wrong. I expect to either see new highs Monday or a breakdown below the 14.60's. Not sure which will happen haha.

ash8887
1
ash8887 Nov 19, 17 8:08 PM

@RBI looking for the backside as well. want this things to break down like HMNY

Join now or log in to leave a comment
Received 1 Karma
RBI
RBI Nov 16, 17 2:50 PM

Thanks, that was my guess. So, if/when I cross that 25k mark I'll still need to just make 3 day trades per 5 days until I'm confident I won't ever dip below 25k again. Thanks for the link.

lexNan
lexNan Nov 16, 17 2:54 PM

If after your 5 or 6 trades you total account equity is still 25k or over then no PDT restriction. By account equity I mean the total $$ of securities you are playing with (gain or loss) plus the remaining $$ in your account. However, if you sell all your positions and you end up below 25k after realized losses then you fall back into PDT restriction.

Palmer
Palmer Nov 16, 17 7:21 PM

@RBI yes....brokers have different rules when you are flagged as a PDT. If you fall back under 25K and are a PDT some brokers will make you wait 90 or 120 days before resetting back to a non-PDT or you can ask 'once' to be reset back to non-PDT or simply deposit

Palmer
Palmer Nov 16, 17 7:21 PM

the difference into your account to bring you back above 25K cash. Call your broker to ask what their rules are. They can differ broker to broker...

Join now or log in to leave a comment
Kev2128
Kev2128 Nov 02, 17 7:16 PM

@Adam3561 Aww ok i just read it again and saw $500. Yeah it's gonna suck until then..

Justin1
Justin1 Nov 13, 17 9:28 PM

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!

Adam3561
Adam3561 Nov 13, 17 9:50 PM

Wait so even when I get the 2000 saved up for margin it will still restrict me until I can maintain that balance?

Join now or log in to leave a comment
Received 1 Karma
RBI
RBI Oct 18, 17 3:20 PM

When is part 2? :) I understand what you're saying about charts and am curious what you DO use.

RBI
RBI Oct 18, 17 3:22 PM

Also, what do you mean by "TRXC which almost hit $1 mil from a $200 investment" ? Even if you bought at the lowest it would only be worth about $2000 right now, right?

Hikaru
1
Hikaru Oct 18, 17 5:12 PM

Sorry there's a typo. I used $200k, not $200 lol. Big difference. Obviously I believe strongly that it would get FDA clearance.

Hikaru
Hikaru Oct 18, 17 8:37 PM

part 2 is posted check it out!

Join now or log in to leave a comment
Received 1 Karma
PunjabiNinja
1
PunjabiNinja Oct 10, 17 6:17 PM

Just wanted to say keep your head up! I just had a rough loss after breaking all the rules and kept rationalizing holding on a littttttle longer to turn it around. I bet a lot of folks here have had similar learning moments Learn, move on, and conquer the next trade! “Don’t Let Yesterday Take Up Too Much Of Today.” -Will Rogers

RBI
1
RBI Oct 10, 17 6:58 PM

Yes, very good lesson learned! I never get into a trade at the end of the day if I don't have a day trade left to get back out in case things go south. In this case I'm guessing you followed Tim into the trade but when he alerted that he was getting out you couldn't get out. Been there, it's a bummer. Glad you're learning from it!

Join now or log in to leave a comment
Page
of 5