posted
Not yet, first chance to check since last post.
I think I'll wait a bit see how the rest of the morning shapes up.
Made too many mistakes lately to jump in without thought.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Not on this one though! I'm already sitting at 85% profit on this one!!!
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
"When buying pressure increases, mm fills bids in two stages, the first being a 5000 share fill of your order and the rest later... This creates additional commissions. When market is moving fast they don't have the time to do this... "
Posts: 976 | Registered: Jan 2005
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posted
Hey guys im kind of new... not newbie ... if i braught in 3 times yesterday .. how meny more times can i buy in today or tomorrow, and still sell on fri next monday with out getting flaged for day trading ?
-------------------- Penny saved is a ... Posts: 34 | From: New York | Registered: Jan 2006
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posted
whoa, u alrady did 3 trades in the same stock within your 5 day limit.. I think the only thing u should do now is wait for a sell, cuz thatd be ur last move for the next 5 days on this stock!
I am new 2 though so idk
Posts: 121 | From: boston | Registered: Feb 2006
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posted
It is not just cnes, but many of the hot micro's have cooled off today. Seeing some volume, but many that looked hot yesterday are doing nothing today.
Posts: 1638 | From: Up North | Registered: Jan 2006
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posted
With Scottrade you get 3 "round-trips" per week. So if you bought and sold LU, NT, and USXP this week, you have to chill.
Posts: 602 | Registered: Aug 2005
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posted
day trading rules...... Overview of Pattern Day Trading ("PDT"): Day Trade: any trade pair wherein a position in a security (stock, bond or stock option) is increased ("opened") and thereafter decreased ("closed") within the same trading session.
Pattern Day Trader: someone who effects 4 or more Day Trades within a 5 business day period. A trader who executes more than 4 day trades in this time is deemed to be exhibiting a ‘pattern’ of day trading and is thereafter subject to the PDT restrictions.
In order to day trade, the account must have at least 25,000 USD in equity, where equity includes cash and stock, but does not include option or warrant value.
The NYSE regulations state that if an account with less than 25,000 USD is flagged as a day trading account, the account must be frozen to prevent additional trades for a period of 90 days. IB has created algorithms to prevent small accounts from being flagged as day trading accounts, to avoid triggering the 90 day freeze. IB implements this by prohibiting the 4th opening transaction within 5 days if the account has less than 25,000 USD in equity. Special Cases
Accounts that at one time had more than 25’000 USD, were identified as accounts with day trading activity, and thereafter the equity in the account dropped below 25’000 USD, may find themselves subject to the 90 day trading restriction. The restrictions can be lifted by increasing the equity in the account or following the release procedure described below.
The proceeds of an option exercise or assignment will count towards day trading activity as if the underlying had been traded directly. Deliveries from single stock futures or lapse of options are not considered part of a day trading activity.
Posts: 976 | Registered: Jan 2005
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