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There is no way out folks. Deflation aint gonna bring your home values up.. Only a miracle could do that. Do u believe in Miracles?

Well end of the World is in 2012 But this is the begining... life willl become so miserable and it will be like the Dark ages again... and eventually in 2012 we're gonna get Nuked by Iran.

I assume its a way to gauge how optimistic people feel about the stock.. the theory if everyone is aboard, than it can only signal the top. but i dont know if 2:1 longs versus shorts is that significant point, where the tide would turn, this is just a simply model, it completely ignores...

Haha, I haven't done it yet. I had a chance but ended up holding half the position into the close.. I got 2 trades for tmrw.. maybe it happens.

Does it concern you that as far as I know all brokerage accounts or only FDIC insured up to $100,000. If any thing disasterous happens, everything extra would be lost?

Yes I am gonna give it a try. I'll free up 2 trades on Wednesday, and post result than. (hopefully nothing great pops up on Tuesday, good chance it will tho :-)

"Example.2: Suppose you bought 1000sh of ABC stock at 9AM; then sold 500sh of sell got filled at 9:31AM, then sold 500sh at 1PM. (2 pattern day-trades.)" BUT. You don't BUY after the second SELL.. so if its viewed like that, you would have to view it as short sell, that is not covered. So...

I got a big rip in 2 set so pajamas on Monday.. theyr'e still good tho.. If I buy a 3rd pair, how would I know they won't rip like these 2 did. so might as well go with the ones that stretch enough already for my comfort.

Well, I just found this... " If you are in a position with one entry of 1000 shares and you take two exits of 500 shares each within the same day then this is only considered one day trade. " this is from here: http://www.tonihansen.com/blog/2007/08/pattern-day-trader-rules.html

Yup exactly.. I've emailed a bunch of People left and right for this answer.. It is a big part of my trading strategy with stops. I want to use multiple stops at different risk levels. I have to admit I find it odd, that no one has personal experience dealing with this or anything...

bump

I agree tho, it doesnt seem like it wouild make much sense.. That liquidating a position, after u have done 3 Daytrades.. makes u a pattern day trader.

Trying seducing an Single Market Maker trader, into revealing or his or her secrets. Do a search on AOL CHATS for SINGLE MARKET MAKER

I can't find anything that covers this example... and.. the NASD regulation does not mention it specifically it either.. it talks about MARGIN BUYING POWER etc... with one buy there is no way you are going to exceed that... All the data seems to point towards it being based on BUYS...

Thats funny.. I talked to IB via the chatroom about 20min. ago.. and they told me its 2.. CONFUSED WE ARE AGAIN.

Looks like it really is 2.. wow ok, got to boost up that account balance... To the poster above this post.. If u have less than $25,000 Cash in your trading account, You are limited by the SEC to 3 Daytrades within 5 consecutive trading days... Example U trade on Tuesday, Wed...

Are u sure? What would happen, if you had only 1 trade left.. and u buy something.. lets say u stop out for half the position.. and than u want to sell the rest of it later.. in your argument, after I sell the rest in the same day, my account would be frozen. or.. worse yet, my...

My question is if I buy a stock, and than later I sell it in 2 chunks.. Lets say half the position sold in the morning, and the other half sold in the afternoon... Now looking at it thru the eyes of the Pattern Day Trade police.. would that all together still be considered 1 trade, or is...

tnx guys, very helpful stuff.

I don't know who "Tom Nick" is.. but tnx for bumpin the post.. maybe someone who knows something on this subject will chime in.. basic question is, any way to outsmart the IRS or no.. they got it all figured out lol