Actually, PDT was introduced following the burst of Nasdaq bubble to curb short-selling. This was the first major bear market since the inception of the Internet. Before then, except for the one-off 1987 Black Monday, we've never experienced anything so severe. I don't think rescuing the small...
I followed Elliott Wave in the beginning of my trading career but soon gave up due to its subjectiveness. Anyway, been adding to my existing short all day. Hopefully, this market doesn't surprise me (again) with it's face ripper :confused:
Not so fast. At least, you can technically last up to 5 years after opening for biz. Not so with day trading. Here's are some stats for day trading, which I believe are quite accurate.
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