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Hi, I know that a margin account with PDT flag and over $25000 has a Day trading buying power of 4X, so if I have $50K the Day trade buying power is $200K. Help me to understand when a Day trade buying power call is generated? or How to avoid it? Thanks

And it is $0 for OTC and Pinks sheets too?

$30K is a nice start, but not enough for full time trading stocks, $100K minimum + emergency funds + other savings.

I agree, in my case I need 100K account(for daytrading), 6 to 12 months of living expenses and 300K to 400K in others investments for move to full time trader.

That's perfect

Your trading capital must be less than 20% of your total savings or investments

I know luck(variance) is a factor, but with a 65% winrate in more than 3 thousand trades is not just luck.

Is tanking, 8K, 5K next?

True in a small sample, after thousands of trades luck tends to disappear and the edge prevails.

The difficult is possible, and the impossible is only more difficult.

There are different Investment Vehicles, you can put 20-30% in high risk trading account, 20-30% in long term/low volatile stocks, and the rest in bonds, CDs, cash, etc. It is very hard to have a 70% loss with that.

The trading account should not have more than 20 percent of your net worth.

If your trading capital is a few part(less than 20%) of all your available money, and you have others sources of income, that stress is not possible and you can learn and enjoy the journey.

In some countries of scheguen area if you stay more than 183 days in the same year you become fiscal resident and you must pay taxes in that country.

Without an special visa you can stay only less than 90 days in a period of 180 days inside scheguen area. If you spend 90 days in Spain you must to exit scheguen area, without and special visa you can't stay 90 days in each country.

That's the key. :thumbsup:

That's nothing I played more than 2 millions hands of poker during years(10 to 24 tables at once) , we accept the variance of the game, putting money when the odds are in favor. The discipline, perseverance, acceptance of the variance, bankroll management, etc are totally useful for trading.

Blockchain will change the money, but bitcoin and the rest of actual criptos will become useless with no value

I do 1,2,3,4,5,6,8,9 and others :sneaky:

Poker had different levels, so with hard work is not complicated to be a winner in levels below NL100, but for big money the game becomes more complex and a coach is needed. Trading is really hard and more difficult.