I forgot to mention Trading Tickers. Two chapters are devoted to multi day breakouts, both OTC and listed. Watch them both over and over.

PDT doesn't exist for cash accounts, only margin accounts. However, you can only freely trade with your settled cash. See this link of the violations you have to avoid, as you can still use tied up money to trade with, but you can't sell until it becomes settled: https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations

See this as well: http://www.finra.org/investors/day-trading-margin-requirements-know-rules "Does this rule change apply to cash accounts?" The terminology not to get stuck on is the fact that with a margin account, you can trade with unsettled funds again as soon as you sell, hence the ability to "day-trade" in the first place. Whereas with a cash account, you're fully buying and own the shares, so you're free to sell as soon as you want, but you can't reuse the funds until it's settled (T+2 no

Thanks everyone for the feedback! Must appreciated!

I am using RobinHood and they only allow you to make 4 day trades a week if your account is under $25,000 before they block you from making any day trades.

Ty for sharing, but at what point are you buying? At that b/o or in or are you buying few days after ER in expectation that b/o will happen later? Ty.

@GT500 the "E" on the chart indicates the earnings announcement, so you can see how many days it takes to break out. Entry depends on risk and price action, each play is different

good job keep it up.

This is great and aligns very well with my current strategy. I will have to investigate this further.

Being Disciplined Pays Off!! Be willing to Cut and Attack latter! Thanks Roland!

Idea was to see a morning spike. Got that and Plan was to short into a lower high. At 4.18 looked like a stuff on level 2. Entry 8,000 shares 4.15. Risk HOD 4.20. Immediate fading very stress free. Started locking in gains on the big red candles on the way down to take away some of the emotions. It was easy to sit through the bounce after realizing some gains. Thought about adding into the bounce but decided to just be patient with the shares that he had. Covered some more into g/r 3.50 level. E

xit the rest in the 3.20s avg 3.41 covers $5900 gain. Started looking for a bounce in the 3s. Got down to 3.13 Entered long 5,000 shares 3.22. Exit 3.32 almost $500. Indicators for shorting frontside: no catalyst, a lot of chat room pumping, 3rd green day, running last week and a half, gap up and spike.

Thanks Roland!

Don't Chase!! Pay attention to the indicators volume/chart/ price action/level 2 Thanks Roland!

2.60 to 1.60 $1 crack nice big panic for the dip buy. Missed the first dip watching other stocks. Saw it in the 1.90s idea was it breaks the low. Mental idea was the 1.50 area. Indicators for Entry: chart, level 2, volume. Entry 15,000 shares 1.63 avg. After entry it was just being patient, in his head looking at the 2.15 level. 10-15 mins later it got to that level and saw some topping Exit 2.13 avg $7500 gain in just about 10 mins. Cant hold and hope on these.

Thanks Rold

Thanks Roland!

Nothing better than the feeling of "getting it", then making adjustments, and finally seeing positive results. Nice work!

t dont overstay.

Thanks Roland going over your dvd as well

Thanks RolandWolf - Still working

Thanks Roland!

thanks!

but its a lot of hard work and time consuming

if you want to work together DM bro so we can finish it faster together

@Momo_Trader It's interesting that he says that. I imagine that as he became a more refined trader he has slowed down to 3-4 trades/week. I think shorting as the main play is a no brainer really, they are pumps, or way overextended buying. Shorting the bounce on a pump too, all of these plays put the odds highly in your favor to short.

@Momo_Trader I am super busy so working together may not pay off as fast as you or I would like it to, however being accountable for some progress every day wouldn't hurt. I'll have to think about it, but either way I appreciate the offer! :)