Last Friday was a really bad day, I lost $1K, now my balance is $25100, as a pattern day trader, I only have $100 to risk. Next Monday is very important to me, I will invest $5K instead of my usual $10K, if the market is not good, I may not trade at all. I know there is no 100% safety but I need to be as safe as possible.
Only $100 to lose
- Thread starter hurricane_sh
- Start date
Your loss was on options right? I don't believe PDT applies to options.
Stop trading..., save up additional capital and it to your account
If you trade - regardless whether you make it back.., or lose more - it'll ultimately end bad
Right now all you'll accomplish is ingraining bad habits
RN
No, just stocks. I kinda lost control after I lost the first $300, tried to get it back quick, doubled my investment, then lost more. I added quite a few rules after the failure.
Are you new? If so be careful and protect that capital.
Yes, started trading since two weeks ago.
In my opinion don't put that kind of capital at risk until you have some more experience. It will disappear.
Thanks, I will be more careful, cut losses quickly.
Good luck.... Be sure to set a overall max account loss where you step back and reevaluate the situation.
Going to try and get through to you one more time
Then - my conscience is clear
RN