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sorry to hear that snowhite. Most if not all the great ones blew at least one account. Its rough out there for sure. Just let the market take you where it wants you to go (short) and don't try to swim upstream (long).

With people making six figures daily it makes one wonder what kind of equity they are trading with. Obviously it's leveraged one way or the other but still. Btw in Stock market wizards steve cohen mentions shorting over a million shares of a stock and it falling $10 the next day. Thats eight...

thanks. coming from someone running a hedgefund im happy with you breathing in my direction!!! Im trying to read everything i get my hands on in order to speed up the process.

If I get my series 7 does that effect my pattern day trader status at all? I don't need a series 7, just want the knowledge and license. T.I.A

My wife is very supportive of me trading as well. She makes good money and we don't have kids so I feel no pressure to bring home big bucks everyday. I would start small ($2000) and keep her in the loop with your p&L's.

blue_ink ha ha +387 today. wish this month went on forever!!

Maybe some risk management books. Sounds like you going pretty close to all in on some trades. The Disciplined Trader helped me a lot. Best of luck to you.

did you file a 10-99 or a w2 last year?

If your score is over 750 then you don't need to prove anything, unless you have negative equity in your trade in.Also do yourself a favor and buy GAP. So if you total your car you won't owe anything. Do yourself another favor and do NOT buy any extra warrenty. PM me if you wanna know how to get...

ha ha great link! hard to make a living paying $10 each way even if they let you have 4 to 1.

the "amero" stuff is scary. www.youtube.com/watch?v=6hiPrsc9g98

The two accounts are at different brokers. Apparently the rule applys to the account( i.e. <4 "day trades" per account) and not the account holder(i.e John Doe 411-XX-XXXX). Unless he is using 2 different SSN's and if that's the case then thats a different can of worms! Maybe he is lying, i...

+90 Not happy:mad:

futures are what i recommended. He is leveraged in both accounts. He said he has been doing it for over a year so i guess they are letting the gray area play.

Recently i met another trader through a mutual friend and as our conversation progessed i learned that he sells motorcycles and trades at work. He also said he trades equities everyday with around 10K, so i asked him how he gets around "pattern day trader status". He said he trades in two...

-100. whipsawed on a trade that should of made me a grand.:mad:

solars, coal, and oil/gas have been pulling back recently. Not sure what the reasoning is.

+362 good start for the quarter

+254 and out by noon.

+ 256 decent day