I've debated this ever since I started the challenge of whether or not to start trading under the challenge under the PDT rule or not. My account was over $25K due to some long term holds from 2008. I feel I made the right decision to split the money up to be under the PDT rule as it would limit my exposure to blowing up my account and require me to study more than I trade. After 8 months into the challenge I feel it's the right time to get past this PDT rule even though I'm not consistently profitable and here's why. After documenting each trade and painfully going through each loss. I recognized that I didn't cut losses sooner cause I wanted to save a day trade and give things a chance. My other problem is that at the beginning my entries were horrible and although they're still not great I think it would be best to exit quickly with small losses or gains to make sure I move on to the next play. Psychologically this will help me to not hold and hope even though I've stuck to my stop losses for most trades. This will help me tighten my risk and exit quickly if the stock doesn't immediately do what I expect. When it confirms to do what I want then I can always re-enter. Only downside I see is potentially racking up more trade fees. Either way I'll continue tracking plays and P&L patterns to see where I can refine. Hopefully being able to attack multiple times will get lesser and lesser as my entries get better.
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