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PDT rule is the FUCKING NYSE/NASDAQ sec rule. it is unfair to small account holders, the government just put this ban on small accounts, they take excuse to protect small investors, actually they do not want everyone to do day trading business, the hiden reason is those big guys lobbied...

in the down side, people like me are buying for variety reasons: 1. I shorted it a little earily time, I want to cover it when it goes down 2. I think that is a rally pullback, I want to buy it and wait to see whether the rally continues, if I am wrong, definitely I bought a top 3. I think...

no, I did not do overnight trade on BSC, actually I was trying to pick a panic sell (start to buy it from 35 to 30, partially at 28.5) and sell it into the dead cat bounce, then I start to go short in the dead cat rally, leveraged too much, forced to get liquidated by my firm at the exact...

thanks your reply. that would be great. recently I get hit hard by BSC, lost 67% of my account value on march 14, 2008 ( a $55k day trading account becomes a $18.9k account), on that day I can not trade in reverse direction to recoup my loss, that hurt me lot.

I am kind of new to future trading, just want to extend my stock trading to future trading. is there any "pattern day trading rules" like stock trading? just curious. and what kind of future trading firms you used, refer some to me. thanks

shorted it with 10kshares from 2.7~2.5, it will drift down to 1.5 under. most penny stocks are pumies and dumpie. bought 5k VNDA at 3.91, 5k NURO at 1.83.

the stock market is just a tool of the capitalism economy, a very important tool to redistribute wealth or apply wealth to elevate our living standards, I love it. no stock market, I would think our economy may still struggle in the stone age. it is designed to gather money to set up...

even gambling, should be 50/50! that is odd. that should be related to your mindset. something holds you there and let you think that way. it is a systematic error!

I get killed last friday on BSC, my brokage firm killed my position without my permission, I did not realize I get day trading margin call, lost 60% of my account value. other time I did pretty well I gained lot in Jan./Feb. and the beginning of march, I withdrawed 80% 0f my account, I am not...

I once started with the Scottrade. two problems with scottrade: 1) commission is too high, the best solution is trade penny stocks (1k or 3k shares per trade), the bad thing to trade penny stocks in scottrade is in 9 of 10 cases, you are not able to short those pumpie/dumpie (often they are...

oops, should be: I can not transfer funds immeadiately to recoup my loss. when I read BSC was bought $2 a peiece by JPM, feel better. but the loss is horrible, I never blew away so much money in a single day (60% of my account value)! I normally focus on day trading, love to buy panic sell. I...

can not say blow up my account. I did not realize I withdrew 80% of my account already, there is no enough fund to trade the normal size I trade. in BSC huge down day on March 14 2008, I try to pick panic sell and turn around to flip to short selling covering rally, I bought it from 35 to 30...

I define an edge as: 1. fearless 2. no greed 3. firmly execute the trading plan 4. no hesitation 5. confidence 6. self-trust as for what trading signal/setup or anything tip-off (like chart reading/news analysis/tape reading...)should be token to trigger...

quit trading a while may be a good solution. I once get this problem. when I saw my target not met, I traded heavily, end up I am farther from my target. often it will create frustration and anger, the problem is when you get bitten by the market, you become nervous, so even you get a...

I need point out "do not try out methods or so called bullet proof methods. there is no such method. it is a fruitless search!" when I feel I am trading well is when I realized why I entered the trade, why I should get out of the trade, and why I should hold the trade, particularlrly...

you are a loser. I just love day trading since no other occupation except CEOs/entrepreneaurs can make me so smuch money . I know I do not have the CEO talents (I hate command/manipulate people and lack of bussiness vsision), but I can beat them on the trading field. if you are successful, five...

I would not think this is a failed trade. first you entered it based on your called falling knife, actually not falling knife, it is just way down, or maybe you think that is support in pullback. second you do cut loss, I do not blame you for 2.5 loss cutting since 3~5 points swing to DRYS is...

pal, looks trading is not for you. to me, whether it is up or down, I am just happy since the market is moving, that means money making opportunities. we as a trader, not try to tell the market how to move and where it should move, the up/down is out of our control, just as you drive your car...

yes, it is very dangerous. I once shorted Amzn last year first quarter earning release, I get burned hard in the parabolic move. also I shorted UTHR in the earing release, I get the same results. play those minor corrections are like walking on fire, better play the major trend...

nice trending day. you just sit and hold, just as Jesis livemore said " sit for the money rolling in". bought LFG at 48 and DRYS at 67, wake up, the market is surging, buy ...