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< noob > I was thinking, say your margin interest rate is 10%. So if you held a position open using margin for an entire year, and you made 10%, you would just break even then. So obviously I'm assuming margin is used for shorter-term trades, right? Also, if you're a day trader using the...

So does your broker just debit it from your account then?

Their website is www.power-trend.com. It looks like it's just an EMA crossover system (when the red line is above the blue line, buy), etc. Apparently you can double your money every two years :D I searched but didn't find any threads on this. Is anyone familiar with this? Is it just...

So if you're making hundreds of trades per day, are you making just a tiny bit per trade? Do that many opportunities arise each day? What signals are you looking for?

I thought I remembered reading here that the "average" daytrader makes a couple trades per day (1-3 round trips). But I just read over on Swift Trade's website that their traders make an average of 250 trades per day! That's like 1 every two minutes. Wouldn't that make taxes an absolute...

bump :)

No replies? Post more, I guess.

Good thread. I'm 25 and am working near Chicago as a computer programmer and I'm looking to get into trading... I'm looking for prop shops that provide training, etc. Thanks.

A "rolling 5 day period" means 5 consecutive trading days, right? So like M-F or W-Tu, right? But if I do a 4th round trip within 5 days then I get flagged as a pattern day trader, right? Is it possible to have a margin account but not use margin? So, I'm a new college grad who's been...

I would think you could sign a margin agreement even if your account has been open for a while. I was planning on doing that next year.

Chicago. Almost 25 years old. Been trading for less than a year (not daytrading).

Like I said, I'm a n00b and really have no idea what I'm talking about. That's why I'm here: to learn. Maybe one day I can flame the noobs, too :D

Try 5, 10, 20 EMA. It still won't be profitable on the whipsaws. n/m. Better not, unless you're using some tight stops.

Check out QQQQ with 5, 10, 50 day EMAs... buy when the 5 day EMA crosses over to the top. I can only use 3 indicators at a time, so no Parabolic SAR on here. Sorry. Jul 10 - Aug 8 = good gains Sep 5- Sep 19 = not so good gains Oct 1 - Oct 7 = nothing The end of Oct = nothing...

Really? Wow. Simple. Thanks.

Nah, man, I didn't have that problem. I was just curious what would happen if I did.

Can you combine it with Parabolic SAR? When your MA signals are saying "buy" (whichever crossover that is), maybe check for confirmation from Parabolic SAR, too. I'd post a chart but I'm at work and don't feel like going on stockcharts.com right now. Maybe you shouldn't listen to me. I'm a...

My trailing stop just got hit at $46.51. If it rises farther after this I won't be too upset. A gain is better than a loss. Besides, I'm a n00b.

I wasn't planning on day trading for a while. I was just curious because I'd read about these rules, but never the situations about which I asked. So I think I understand now why some people have two accounts: one for day trading and one for longer term investments. What about the "free...

I'm gonna have to read your posts again to understand the money velocity thing. But in the mean time, since I don't know how to enter, can you teach me a better way?