
that is correct

Awesome Bob! Thank you so much for the help!

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

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

@Turbobob129

Thanks Bob, always helpful

Nice call on VUZI (watching it break 11 dollars at the moment). If you had gone long this morning at 10 would that big red bar 7 minutes in have stopped you out?

No, Below $9.80 was my stop
Join now or log in to leave a comment

your insight

I sold most of my MARK today with the $14.50 being my final stop. But I think the stock is going to $20. So I will be looking for an entry

Thanks for sharing this Bob.

Bob has a chat, come see http://bit.ly/2oZVJz7
Join now or log in to leave a comment

Nice Work Bob and congrats on passing 400k

Thanks. Also follow me on twitter as I also post things there as well @turbobob129


Thanks Bob
Join now or log in to leave a comment

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.

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.


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


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
Join now or log in to leave a comment

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

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?

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

part 2 is posted check it out!
I can concur that trading less often leads to higher gains. This is likely so because it forces the trader to be a specialist on only 1-2 specific patterns. I've read in many places that it is best to be a specialist on one or two set ups. This will allow you to be more selective in your trades, which in turn allows the market to come to you. Keep up the great work!
Join now or log in to leave a comment