After learning about the PDT rules and the policies of tying up cash for 3 days after a sale, it makes no sense for me to try any serious day trading on a $4 or 5 K account. I had hoped to try it and see if I could make more than 25% return. Instead, I think I'll take most of the money and get a guaranteed 25% return by paying off some plastic and just blow a grand, experiecing the mechanics of the tools and markets and then study and practice on pixels until such a time as I get completely disillusioned or have at least $30K to play with.
Thanks to all for dealing with yet another newbie, and I'll probably be around for a long time picking your brains.
James
Thanks to all for dealing with yet another newbie, and I'll probably be around for a long time picking your brains.
James