Hey guys guess who's back! Time for weekly uploads and tutorials how about some live trading as well! Don't forget to drop a like and comment any questions you may have.
Start with a mentor, someone who has been there and back twice. When I first started trading I blew my account up twice, which spelled certain doom for me as a trader but I didn’t give up. I found a gracious mentor to teach me from start to finish and accelerate my growth. Now I’ve found consistent patterns and practices to find, trade and profit from the best stocks on the market.
THE NEW WAY TO INVEST
Since the stock market crash in 2008, the typical investor is gone since the markets volatility is 10 fold. So how do you profit in a such a market? YOU GET IN AND GET OUT! I don’t hold my positions for more than a day or occasionally 2-3 days. I’ve made 100-200% gains in as little as hours by just using predictable but effective patterns to learn from.
WHAT I TEACH
-How To Trade Small Caps + Penny Stocks Under $10
-Identify Patterns. Where to Buy/Sell/Profit Targets, Stop Loss.
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Well well well . If you have a cash acount and needing to wait 3 days for your money then you are limited to 1 day trade per 3 days which is 3 trades per 9 days instead of 5 days (unless you dont use all you capital with each trade )
You are incorrect about the 90 day rule. Not good to teach when you don’t know the information!
90 day rule does not allow you to OPEN any new positions. You are not, however, stuck with anything you own, as it does allow you to sell existing positions (but can’t short sell, which would be an opening order).
PDT rule only applies if you want to trade with a "margin account" basically a loan with your deposited available and active trading funds as a collateral, so they can close your positions anytime if your account goes negative.
I heard about the "PDT rule" and thought it applied in general to all accounts but it's not the case if you use cash.
Honestly it's somewhat misleading to all bigening traders when you hear about it, but once you open your account you find out that cash accounts are not subject to PDT rules.
I've learned a fair amount in two years and I know I have a long ways to go but margin trading IMO is not necessarily a good practice for beginning traders, it could put a person financially under really fast.
Honestly with cash you can trade with a small account anyway while learning to trade and improve your practices, trading takes a lot of dicipline and effort, it's work for sure and it will take time and money also, so loossing OPM can't be a positive factor.
its amazing seeing too many people jumping into penny stocks and not fully understanding until they loose everthing,they watch too many damn youtube videos of guys killing it in penny stocks and for the most part have an established a team of brokers and direct line.for the retail day trader you are on your own ,very easy to buy but when its time to exit and sell it a whole different story............all I see now are a bunch of guys who just started trading and have nothing but bad days and taking on tremendous risk making videos on youtube .selling their services,not one of them are successful traders none, WTF its sad.........
Its crazy but i just found out about this this last week. I thought i was going to be unstopable and found out that i need to have my funds clear lol. Sucks. So i thought to divide into 10k 10 10 so i can sell and get back in. So i am glad you just confirmed what i was planning to do. Because i was how the hell do they do it. It is so fustrating it feels lije the game is riged lol. Just another challage to get through. Its all good. I got Auxly FSD Pharma and Aphria and last tetra biopharma is i get cought with some fumo i will dip buy this all day every day on a bull market woot! Lets kill it!🏆💸🎰💰📉📈💥
makeshiftplayer try to check out the Webull app. I'm not sure if they have the Same restrictions as Robinhood. Or just do what I did and go to Suretrader, and use the Active Web platform Free of monthly fees
The PDT rule is ridiculous. Better to open a futures account and just trade the SP 500 instead. Less money required, less taxes to pay, can trade 24 hours a day and not spend all your time deciding what stock to trade. You're welcome.
To be a successful trader while trading Forex/Binary Option, it has to do with good strategy and best software that can intricate each other at that particular time that is what is giving me winnings when ever i trade, Frank Robert is the Master that always help me with this strategy and software that gives me maximum winning, he trades for me also and my winning is always there for me, I thank him for being nice and sincere Broker/Account Manager to me.
Kind of. Once you buy a stock, then you sell it. The money you gained from selling it will not be available to you until 3 days later, since it has to “settle”. So you can day trade with your other available cash all day long with your cash account, but with a lower starting account, it wouldn’t be advised since the trade cost would eat up your gains for multiple day trades compared to a higher starting account.
Hello jay I always been a fan since day one . I Just took the wrong turn jumping in different memberships Losing quite a bit of money , i’m looking forward to joining your team in the near future , to make a difference; Meanwhile keep those videos coming there great thank you.
I do daily alerts on my channel and this scanner is really helpful thanks a lot! Book in Amazon called "bandman trading" it is an Amazon EXCLUSIVE that teaches you the patterns to look for when trading.
I am new to trading. However, I have watched a few YouTube channels to learn over the past few months. I have funded my first account with fidelity starting with $2081 on March 2nd 2018. I am up 4446$. A few days later fidelity flagged my account for not allowing the three days to clear the funds. Two days later I contacted fidelity to inquire. They told me that the margin account to take care of this issue. That same day I made over 700$ in which needed three days to clear. They recommend adding margin to my account, which they processed overnight. The next day they flag my account for PDT failure. I contacted fidelity but they told me that there is nothing they can do. Clearly, the system designed to keep poor people down.
Keep up the good work. I have also learned a lot following your channel.
It's 1) because the government thinks it can protect you better than you can (nanny state)...and 2) it protects the brokerage because you're trading a margin account. So...use a cash account, and understand the rules/laws before trading. You're dealing with transfers of wealth...trading is not just an ATM machine.
Good vid, best way would be TD plus Etrade and split the money between those two power houses, the rest is just to risky specially the offshore accounts .. I'm new at this but that would work with me as soon as I hit 10-15 k total then I'll split it. Thanks for the info.
hey man im just geting started and i've been using think or swim and im ready to start testing the water with real cash, i have tdameratrade and would like to set up a cash account to get around pdt. How do i do that? if you could help with that info please.
Is a 4:1 leverage provided by your broker considered a margin account? For instance, I have 10k cash account, and my broker gives me 40k in leverage. If I use these funds, is it considered margin trading and will it be subject to the PDT rule? Also, if you short trade, that's considered margin trading and that will be subject to the PDT rule? Thanks so much.. I hope Mom is OK. We just lost our Dad to cancer.
Hi Jay! Question, if you don't mind: Let's say I noticed that stock XYZ is squeezing up and buy 1000 shares of it but I'm under the PDT rule. If during that squeeze I decide to sell 200 shares to secure some profits, then sell another 200, and another 200 as it is going up, is that counted as 3 day trades already and all of a sudden I'm stuck with 400 shares? Or is not counting as 3 day trades because I haven't sold the entire position yet? Thanks for the video!
I was under the impression that a PDT would be violating rules not only trading 4 days in 5 day period, but MAKING OVER 6% in the total trades of the 3 days, would be a violation as well... Is this true?
you said something about not being to get out of a trade for 90 days?? i think you have that wrong. you are allowed to close open trades but not enter new ones, of course i may be wrong but that's what happened to me.
You Can still enter & exit but you will get penalized & it will reset 90days every time, If you break the rule too many times they will remove the margin on your account & convert it into a cash account. Happened to me twice. He was def misinformed with that one.
Mark Davis no it's if you go in one direction. You can but 100 shares. Then sell 50 and then sell 50 more. It's considered one day trade. If you buy sell buy sell it's 2 day trades. If buy sell sell it's one. You can buy 1x and sell 10x in one day of what you bought it's one day trade
Lets say you already have 2 day trades from the previous day. Then today you open with 200 shares, then add 200 shares, then add another 200 shares. Then you try to sell all 600 shares. The first 200 shares will sell (executing your 3rd day trade), then the next 200 trigger your forth day trade. Then the last 200 have a possibility of being held for 90 days, right? Technically the last 200 would be a fifth day trade.
Robin Colmenares on margin you do. RH takes 3 days for trades to settle. Make a trade on RH and try and transfer to your bank with those same profits, RH would tell you you have to wait 3 days for trade to settle + an additional 3 days to transfer to your bank
Thanks, I had just resigned to make 3 trades a week, until could grow up to the 25K. I am wondering, if I buy, sell, and then buy again, is that the 3? So that last buy has to go over night. Or, is a trade a BUY/Sell per stock and I get 3 Buy/sell s per week? THANKS for addressing this topic, no one ever does!! Love your videos!
InLaws Attic I think you mean if you buy on Monday, sell on Tuesday and then buy again on Tuesday, right? Do you already know the answer as to whether that counts as a daytrade or not? I have that question as well at the moment.
I'm a new subscriber to your channel and your videos. After watching this video, I want to first keep your mom, you and family in prayer. I wish i had this interest years ago when i was still a young man, maybe now in retirement, i would be living more comfortably. But I'm interested in getting a copy of your CD to give to my daughter. She's in the personal banking field and is interested in investing. I would love to see her plan and become far more financially secure than i ever was! How or where can i get your CD to give for her birthday in November? Thanks for sharing your knowledge with others, God bless....
Theres a couple more, have +25K, Join a prop firm which isn't that hard to do and some of them will even supply most of the capital. You can also trade options which have t+1 settlement, but the spread on these could kill you, and there are not options on probably a lot of penny stocks if your trying to trade those. You could trade futures, which dont have any rules regarding day trading, you can trade back and forth all day till your eyeballs fall out, or cash forex market, however these markets are very hard to trade without proper strategy. You could trade the close. You could pool accounts with friends.
Can you please calm down and stop trying to rush talk.
Its hard to keep up, specially when i figure out that you are trying to catch up with yourself.
Keep Calm.....I would appreciate it very much.
Anyways , thank you for the Information ...
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