@Nathan_casey No you dont I was talking about where I live. You're good man!

I havent had any noticable troubles with them, just that they have crappy charts, and no you dont need 2000 for instant, its actually a waiting thing to get instant, and then you choose if you want it or not. Instant DOES have a PDT but gives you instant setlling funds for stock higher than $3. The regular cash account has a 3day thing for funds to settle, but no PDT, it depends what u want it for i guess

If you really want to avoid the patern day, or want to avoid the cash settling time ha, If you have a lot of cash and only want to trade with small portion of your account, then you could just stay with the basic cash account, and you just cycle through your money so you always have some money to trade with

check out options house...not complaining...takes 3 days too but i don't think there are any limitations in terms of number of daytrades

Sometime cutting losses to quickly can lead to large amounts of lost profits.

@Syndicated_Trader35 "sometimes cutting losses too quickly can lead to large amounts of lost profits" but not cutting them quickly may also lead to very big large losses. In my opinion your NERV trade lost was an exit out of emotion. A stock of that price (or $10 or above) can easily move $1 dollar so cutting it .22 cents from your original entry seems like it was based on emotion rather than let the trade continue with it's bullish pattern.

@Syndicated_Trader35 and though it went $2 up, it could have went south $2 as well, so cutting losses quickly is a better strategy. I rather lose potential profits than lose actual money.

That's the thing but being safe and making profits bigger than your losses and you can't go wrong, stick to the plan and don't be greedy.

@LS3VETTE your possition size should be based your account or risk/reward. You should never trade all your account only about 5-10% in my opinion unless your account is very very small..

ohh and trade small cap companies "rossel 200" type companies

do not risk it unless you are 100% sure!

If you're asking people for there views about position sizing then you shouldn't be trading. You need to ask yourself if you're comfortable with that!

I shorted it and made 123 bucks today