mstr2157
mstr2157 Jul 05, 17 8:24 PM

so with a cash account you can make as many day trades as you want?

wannabestocktrader
wannabestocktrader Jul 05, 17 8:28 PM

@mstr2157 Correct, there is no "day-trading" limitations with cash accounts - you are limited by how much settled funds you have.

JL65
JL65 Jul 05, 17 10:16 PM

@wannabestocktrader Thank's Yes I am in a cash account, and yes I did receive a good-faith violation. Talked with e-trade and they said that you can received 3 in a calendar year before any restrictions are put upon you. The part that confused me was "Unsettled Cash Available for Investment" which was somewhere in the amount of 1500.00+ And the Cash Purchasing Power in the same amount.

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Skraft
Skraft Jun 22, 17 12:04 AM

I'll be looking for some dips tomorrow in the morning. I really liked your size into your position advice you gave me. That worked so nicely today. Lol 😂😂 the people who are "ready to be in an orange Lamborghini when this hits 4 dollars a share" type of people 😂

Skraft
Skraft Jun 22, 17 12:06 AM

I made a decent dip buy on SPI a few weeks ago during its run up. But just the lessons I learned today I look back at that trade and I could have played that one so much better even though I made a decent trade on it.

lombardo141
lombardo141 Jun 22, 17 7:41 AM

@Skraft Good for you on the sizing in stuff. That just calms the mind and you dont get eager to cut losses to quickly. Just be careful on falling knifes. Just sold most of my position. The volume on DCTH is drying up i think. By now the volume is in the millions. We may have volume exhustion coming into play. If it runs i will just rinse and repeat.

Skraft
Skraft Jun 22, 17 8:01 AM

Well I was sizing in on a breakout, added on dips. Never hit my risk and the dips I added on were higher lows except one of them which hit .29 but I didn't panic there. Yeah, I'm thinking it's very overextended now. If it can pick back up I will go for another play but I think it's sympathy plays may have a better day than it will.

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sebastrades
sebastrades Jun 19, 17 10:24 AM

@timothysykes im not trying to teach others Tim, just sharing my journey, ups and downs! I know I still have a long way to go

timothysykes
1
timothysykes Jun 19, 17 10:35 AM

@sebastrades sharing your journey takes time away from when you should be studying, you can easily still just post on Profitly and share that way, I see too many students trying to do too much, focus on learning to make $

sebastrades
sebastrades Jun 19, 17 10:55 AM

@timothysykes I appreciate the feedback!I spend 4-6 hours a day studying on top of a busy schedule, so I agree with what you're saying, but I wanna test the waters and see how it goes, plus sharing my trades with people might help me make better trades(if that makes any sense) #nodaysoff

Torkers
Torkers Jun 19, 17 6:19 PM

Have to agree with Tim - if youre time is limited this can easily take focus of your studying =)

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