Damb. I check this thread every weekend, but it looks like it has been abandoned. Check in and say hello!
I finally have enough money in my bank account that I can transfer enough to my broker to keep me comfortably above the $25k required to allow pattern day trading. Wanna know something, though? I'm too fucking scared to do it. I've gotten used to having a large pad of cash in my bank for emergencies, and I don't want to move it out. Before I head out to the bars on the weekend, I always look at my bank account and make sure I've been saving enough before I go.
What's even weirder about this is that I was a pretty good daytrader before the SEC clamped down on the 25K rule. It wasn't a lot of money that I made, but it was a hell of a lot of profitable trades. Well over 90% if I remember correctly, but it was tiny amounts of profit per trade. I was basically scalping the spread and doing pretty good at it. So why am I scared to go back now? It's been many years. But I scanned through a list of stocks that would be good for my style of daytrading, and they still exist after all this time. (Unlike OEX options which have dried up in liquidity. Those things used to have a spread of a teeny and had lively bids. No more. Fuck 'em. Don't need OEX options anyway.)
Anyway, I miss you guys and we should all get together with Cap Obvious for a Kentucky retreat someday.