that PDT rule, is 3 trades per week or per day?.
Per week.
3 Trades be it one day or week or in 5 business days.
Mmm that sucks, thanks for the info
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hope you like waking up to a gap down, i wouldnt recommend buying a stock thats up like 1000% this past month, especially with a red candle like that on the daily, good luck!
Looking at the 20ma line it is at 5.07 and it has a slight negative slope to it. I don't buy a stock unless it crosses the 20 ma line when this line also has a positive slope. I think DPW could go in any direction at this time, so I would consider it too risky. In the past I made a lot of costly mistakes holding overnight. But ... 1 share is hardly taking a risk.
@moneybags97 haha yeah.. I'm halfway expecting that but we'll see in the morning
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Congrats!
Congrats! curious how were your executions with robinhood?
Thank you! There is a bit of a lag. I think I tried buying at around 2.29 but got it at 2.31. I don't remember where I tried selling it at, but the differences have all been around a couple cents, which can be good or bad!
Good job! repeat...over and over...hope to join you in the green column!
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@lsg582 just became a fully transparent trader today!
PDT doesn't exist for cash accounts, only margin accounts. However, you can only freely trade with your settled cash. See this link of the violations you have to avoid, as you can still use tied up money to trade with, but you can't sell until it becomes settled: https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations
See this as well: http://www.finra.org/investors/day-trading-margin-requirements-know-rules "Does this rule change apply to cash accounts?" The terminology not to get stuck on is the fact that with a margin account, you can trade with unsettled funds again as soon as you sell, hence the ability to "day-trade" in the first place. Whereas with a cash account, you're fully buying and own the shares, so you're free to sell as soon as you want, but you can't reuse the funds until it's settled (T+2 no
Thanks everyone for the feedback! Must appreciated!
I am using RobinHood and they only allow you to make 4 day trades a week if your account is under $25,000 before they block you from making any day trades.

i bought 10 at 6.95$ i hope it turns around )=
Well it's finishing strong after hours, so far. I am guessing there will at least be a little bit of a run up in the morning. I should've held until tomorrow. Lesson learned
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