Hello I am new and need advice.

Quote from DonDinero:

we have lost tuch with the subject. Iam looking for a good platform and broker, I have 7.000 to start with..
Thank you, I thank your response.
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As far as retail goes IB would be/IS my choice .
There may be other brokers out there who are cheaper with volume but to my knowlege I don't know of any sub penny stocks.


trade the eminis it will be fast(if no risk control), educational and no PDT rules.
 
Quote from FaderTrader:

I'm not going to get into a long diatribe about my own trading strategies, but successful daytrading is about cutting your losses immediately. Trading software allow for this. I pyramid winners and I'm out as soon it moves against me.

Tangentially, when other trader's accounts dip below $1,000, they are normally required to deposit more capital. And finally, very few overnights are permitted - and only for small size.
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i doubt very much that their risk software is good enough to keep capital accounts from dipping below a $1000. a trading halt would suffice to bring capital below $1000 or go into the red.

i am sure that you did not intend to use the word diatribe which means a verbal attack or a bitter denunciation.
 
I'm done arguing this issue. Is a stop light enough to stop a truck from ramming into you as you walk across the street? No. But, I cross the street all the time relying upon the stop light to signal the cars to stop.
 
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