Only $100 to lose

What about making money from trading? What are you learning from trading Right now?You are setting off alarm bells with every trader here who has ever blown out an account, which is probably all of us. Successful trading takes time, lots of time. You have a chance right now to slow down and learn.
 
hurricane_sh said:
Thanks :D, and I totally understand that, but I don't want to stop trading, I want to learn from trading.
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There is not one damn thing funny about blowing up

Get your ass on sim - figure out the kinks - then go live with very small size (AND..., an increased account)

RN
 
Cswim63 said:
What about making money from trading? What are you learning from trading Right now?You are setting off alarm bells with every trader here who has ever blown out an account, which is probably all of us. Successful trading takes time, lots of time. You have a chance right now to slow down and learn.
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I had a very high success rate before last Friday, hope it's not just new trader's luck. I'm fine tuning my trading rules every day. If I don't trade, how can I become a better trader?

Added several rules after the failure:
1. Never ever trade more than $10K at one trade.
2. Never lose more than $200 in one trade.
3. Never lose more than $300 within one day.
4. Don't long when the market is bad. Don't long stocks that are in downward trend. Lost $300 on NFLX.

Thanks everyone for your suggestions, really appreciated it.
 
hurricane_sh said:
When the account value drops below $25K, the day trading was disabled, not the account, right?
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Yes, I think one also must wait 90 days until one can daytrade again.
And one loses the margin right, ie. has then only a cash acct.
These rules are IMO nowhere clearly stated, the brokers can handle it each differently.
 
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Redneck said:
There is not one damn thing funny about blowing up

Get your ass on sim - figure out the kinks - then go live with very small size (AND..., an increased account)

RN
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So you are saying he should learn MM and trade with a small size........
You are the one looking like an idiot now Redneck

To the OP, go read my posts from the past 24 hours, it will help you avoid being in this situation ever again
 
onemoreshot said:
Your loss was on options right? I don't believe PDT applies to options.
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You are correct.
Even if he was not trading options there are ways to create synthetic longs or shorts with options and neutralize his position
 
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