Some criticism please

[failed_trad3r]

Quote from mynd66:

90 day? didn't realize that. I hadn't done any round trips in the course of one day anyway but thanks for the heads up.

sorry, i meant more then 3 daytrades. 4 daytrades=freeze

 

[spindr0]

Quote from gobar:

is it good option to do straddle right now?

i am planning to go for AAPL but volatility is 67 %. end of april APPL vol was 40 %.

so if market goes up volatility will come down and will lose money.

i am planning for july straddle because AAPL might go up or down another $20 bucks from here

With straddles, timing is everything. If you get a $20 move quickly, you make 4-6 pts. If it takes a few weeks, you lose money. Add an IV contraction and your timing had better be very good.

 

[spindr0]

Quote from mynd66:

90 day? didn't realize that. I hadn't done any round trips in the course of one day anyway but thanks for the heads up.

If you do more than 3 margin day trades in 5 market days and the # of them is more than 6% of your total tradies in that time period then you're designated a "Pattern Day Trader" and must have 25g of equity in your account. Google "Pattern Day trader" for add'l info.