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Third.

As everything seems to be on autopilot today, I'll throw in another 2 cents. I'll agree with dotslash to a certain extent. I don't know where the number 25K came from, but if it bothers you, you definitely don't have enough money, or the patience to build up your capital to get there...

I'm going to have to go with tampa on this one. If one was serious about trading (or anything in life for that matter) he/she would find a way to work within the rules and succeed instead of complaining about the way things are.

Thanks Tech. I think that PDT is garbage too, but I think it's going a little far to say that the rule is killing anyone. & I'm not trying to s**t on the small guy either. If anything I consider myself to be one of the small guys. :p

Another question. I was under the impression that PDT rules just stopped you from opening new positions when you are in violation. Am I wrong? If this is the case then people should be able to take losses/profits etc. on open positions and account values should become stable when their...

Well put.

Hmmm... I don't get it. IMHO - I may be over simplifying this, but why don't people who don't have enough cash in the account to meet PDT requirements just lengthen their time horizon so that they don't get screwed? I figure that even with a drawdown that brings a trader below 25,000...

Well... I used the 200 MA on the lower chart which also corresponds the to the base that the bear trap was set up on the day before, that gave me a possible loss of 1 (I chose 50.03 because that would have led to a round number loss of 1 {I didn't include comms.}). The target was based...

Hahahahaaahhaahahaaha!!! (LOL) This will teach me to be eating while I read the 'Jokes' thread. I almost lost a monitor.

A Journey of a Thousand Miles begins with a single step. - Lao Tzu

Welcome back. You didn't miss anything except for a choppy go nowhere day. Keep your s**t in check & trade your plan. Best of luck.

Geez... Aphie has packed on some pounds since his last picture. Trading stress must really be getting to him.

I'm guessing that from the time scale that there is a whole day for this to pan out... ... with that in mind, let me go for a little 1.5:1 (reward / risk) action. Stop 50.03 Target 47.53

Everyone has his/her weaknesses. I almost got held back in the 4th grade for failing music. BTW- I'm still a little lost. Did TKO quit ET or quit trading completely?

Geez... I hope that never happens to anyone. Simply awful. (but funny as s**t though)

Yeah. There is also more than one way to make a profit in markets, but you actually have to try and stick to it in order for it to work. :p

& don't think we don't appreciate it. - one of the one hundred plus who has your number

I agree. ---- PS- How's the weather down there Metooxx & when's the best time of year to visit? The s**tty weather in the NW is really getting to me.

It depends which question you are trying to answer. If you want the answer to how many socks do you need to cover the feet of 3 people, then you are correct. Six socks is the solution.

Agreed... my bad... Didn't mean in any way to say that he blew up ('cuz he didn't). I read his story quite a while ago and the way I remember it was that managing OPM wasn't for him (as you pointed out) and that he did better trading just his own account. I should really read the posts...