willybobob
willybobob Feb 16, 17 11:09 PM

I got out early in the am for small profit, was not sure if it would hold up , volume is low.

willybobob
willybobob Feb 25, 17 11:17 AM

Looks like EMMD would have been a good swing trade for the last 6 days

RyanB123
RyanB123 Feb 25, 17 11:31 AM

@willybobob yeah actually ive been in on EMMD since wednesday and ive made about a 50% gain, still oldng hoping for it to hit 3-5$

willybobob
willybobob Mar 05, 17 6:15 PM

yea, sick run up , wish I held longer

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ImBatman
1
ImBatman Feb 13, 17 1:09 PM

It's not fees. You'll be flagged as a pattern day trader if you make more than 3 day trades in a 5 business day period and wont be able to make a day trade for 90 days. There are 2 common methods around it. What I'm doing is having 2 different accounts and switching back and forth between them so I don't miss out on too many plays. Or you can get a suretrader account, It's based in the Bahamas and isn't subject to the Pattern day trader rule. The down side is there customer service is such g

ImBatman
ImBatman Feb 13, 17 1:10 PM

garbage. I've heard lots of people having trouble withdrawing money from the accounts with suretrader.

MPASTER
MPASTER Feb 13, 17 3:57 PM

I am using 2 accounts as well.

fastdounut
fastdounut Feb 13, 17 4:52 PM

@ImBatman I used suretrader in thr past. It's just tbr time it takes to receive it is slow

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NastyDestroyer
NastyDestroyer Feb 01, 17 11:52 PM

I am not a great trader, but im working with a small account (1000) and i have been swing trading pot stocks, its hard to pull the trigger on a day trade knowing you have to cover your fees. When i see a potential 10% gain, and can only invest a few hundred dollars, its just not worth it. Tough position to be in. I consider it live training. Good luck to all of us with small accounts

ftmanglona
ftmanglona Feb 02, 17 12:34 AM

The reason your funds are held up is because you have a cash account. If you had say $5000 and spent $2500 on 1 stock, you then have another $2500 which can be spent on another stock. If you spend all $5000 on one stock, you have to wait for the cash to settle. Upgrade to a margin account (i believe 2k is the minimum)

Nonnenmann
Nonnenmann Feb 02, 17 1:47 AM

Be careful! i have also just begun trading and studying in december last year. I wasn't aware of the 3 days to settle rule at first and mid january got my account band for 90 days :(

Nonnenmann
Nonnenmann Feb 02, 17 1:53 AM

That band account was with fedility. There is no reversing a band with fedility. I however found out that by turning that account into a margin account it removed the band. I now have two small margin account (2000 - 3000) with fedility and e-trade. It gives me the benifit of avoiding the PDT rule and also margin accounts don't take 3 days to settle. Just be careful, i never take a postion that uses the margins funds they provide. I only have it to avoid the 3 day settle rule. let me know if

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Kieran_98
1
Kieran_98 Jan 26, 17 9:17 AM

If you are feeling uncomfortable in a trade that isn't going your way then get out. Aim small, Lose small

Deshackled
Deshackled Jan 26, 17 9:19 AM

disclaimer : I AM A NEWB. But I don't see a catalyst and the volume is fading 45 minutes into the day. I wouldn't hold. If I bought in the morning I would be worried that I was chasing a leprechaun.

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Received 6 Karmas
ScrawnyB
1
ScrawnyB Jan 17, 17 8:28 PM

Good luck! You should post some of your profits/details. What broker(s) are you using? I'm at the $1K mark myself now (of my own money) and have been learning via swing trades the past few weeks.

RyanB123
1
RyanB123 Jan 17, 17 9:31 PM

Currently using TD Ameritrade, I really like the service the tools and everything are great, only downside is the commission rates are $10 per trade. And Good luck to you aswell!

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