How do you get around PDT if you have a small account?
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
How do you get around PDT if you have a small account?
Multiple brokerage accounts (Robinhood, WeBull, TradeStation, etc.). Or find a foreign brokerage (not recommended). No other way around it, brother.
Also if they hit you with the PDT, you can often times request forgiveness and state that it was a mistake. Sometimes they will lift it. Otherwise your account will be restricted to make trades based solely on what you have available and may hold to make a trade until the next day.
Webull gives u the best option though. As long as there is "settled" cash in your account, you can make more than 3 trades.
but yeah.....use more than one trading platform.
I think he would need margin on the account too or he would get a warning about selling a stock bought with unsettled funds before the money was settled.
Thanks! I’m going to try and master this and keep leveling up.
Thank you
Out of curiosity, is there a calculator on how much is required in a given Fund to generate up to the max of 38K in dividend payout, per year. So I can maximize the annual tax free benefit?
The MACD line signals upward momentum when in positive territory, and downward momentum when negative. Use this to validate an observed trend in price. The MACD line can signal overbought and oversold positions. The further the line deviates away from zero, the more likely it is we will see a correction in price. A bullish centerline crossover occurs when the MACD moves above the zero line into positive territory.
Now....remember me talkin about the MACD bout to cross after 3 days of consolidation???
https://chartink.com/screener/macd-cross-3-days <===that shit might throw you off, but it makes complete sense to me.
thats how i knew that shit was bout to breakout, so i hurried up and secured my position.
Is this in line with what you were saying?
This will be a Colin approved post.
Why the sudden interest ? @tical
Only got Lex van Dam & ITPM.
The ITPM course is better by a frogs hair but get both.
They go in on Fundamental + technical Analysis, Idea Generation, Volatility, Correlations, money management (kelly criterion) , Riskmanagement, Psychology, Macro Economics, Spread trading, Long / Short portofolio etc......basically a trading process like a hedge fund without the need of a Bloomberg terminal. IMO a perfect course for a beginner.
It changed my perception of the Economy, the way I listen to news, made me aware of things.
As always, this isn’t one of those “get rich quick” courses that promise you a fortune for doing nothing.
You get out what you put in.
Sidenote
Funny how all those guys (Lex, Anton , Raoul Pal ) used to work for Goldman Sachs
I think Anton got the idea of starting a trading academy from Lex after doing this show (3 episode).
When you watch you'll get glimpse of how the course is going the be.
Understand that they were trading in the middle of 2007 (GFC) and some of the participants made money.
I'm glad options have been embraced by BGOL.
Made good money in the 1st half of 2020 poured that in stock portofolio but 2nd half 2020 I got hammered a couple of times selling premium.
Looking back the option money that I made was more because I assessed the market correctly using only vertical spreads or ironcondor ( 1 trick pony). When the market changes you have to adjust as well. I don't know how to do that consistently.
That's why I'm trying to upgrade my option knowledge (hedging, synthetics, adjusting positions at what price, skew etc.. ) and how to apply.
Cause now I have a portofolio of MSFT, URW, AAPL, BIP, F, T, SAND, Heineken, UL, and I want to protect it.
So as mentioned in another post I found a new option guru Charles Cottle aka the Riskdoctor. He's legit.
This simple question from his book made me realise that I only know the basics of options.
The book Options Trading; The Hidden Reality (2006) can be found on pdfdrive.com.
I cannot find his 10GB video course for download for free (perhaps BGOL can), so I bought only his 201 + RD2 part from this website for cheap.
It's intensive. I need to brush on certain concepts and my algebra
Why the sudden interest ? @tical
Only got Lex van Dam & ITPM.
The ITPM course is better by a frogs hair but get both.
They go in on Fundamental + technical Analysis, Idea Generation, Volatility, Correlations, money management (kelly criterion) , Riskmanagement, Psychology, Macro Economics, Spread trading, Long / Short portofolio etc......basically a trading process like a hedge fund without the need of a Bloomberg terminal. IMO a perfect course for a beginner.
It changed my perception of the Economy, the way I listen to news, made me aware of things.
As always, this isn’t one of those “get rich quick” courses that promise you a fortune for doing nothing.
You get out what you put in.
Sidenote
Funny how all those guys (Lex, Anton , Raoul Pal ) used to work for Goldman Sachs
I think Anton got the idea of starting a trading academy from Lex after doing this show (3 episode).
When you watch you'll get glimpse of how the course is going the be.
Understand that they were trading in the middle of 2007 (GFC) and some of the participants made money.
Still here. Back in the day it seemed like people didn't understand what I posted.
I'm glad options have been embraced by BGOL.
Made good money in the 1st half of 2020 poured that in stock portofolio but 2nd half 2020 I got hammered a couple of times selling premium.
Looking back the option money that I made was more because I assessed the market correctly using only vertical spreads or ironcondor ( 1 trick pony). When the market changes you have to adjust as well. I don't know how to do that consistently.
That's why I'm trying to upgrade my option knowledge (hedging, synthetics, adjusting positions at what price, skew etc.. ) and how to apply.
Cause now I have a portofolio of MSFT, URW, AAPL, BIP, F, T, SAND, Heineken, UL, and I want to protect it.
So as mentioned in another post I found a new option guru Charles Cottle aka the Riskdoctor. He's legit.
This simple question from his book made me realise that I only know the basics of options.
The book Options Trading; The Hidden Reality (2006) can be found on pdfdrive.com.
I cannot find his 10GB video course for download for free (perhaps BGOL can), so I bought only his 201 + RD2 part from this website for cheap.
It's intensive. I need to brush on certain concepts and my algebra
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Do you prefer the tick chart to the time? I like the 2000t chart
Unless there is something else you are referring to, the "tax free" provision is based solely upon annual income. Uncle Sam is gonna get his. Keep in mind, the following numbers include your salary and the dividend payout.
Now, here is my rant.
If you make $40K or less, there is zero tax. If you earn one dollar more, you end up earning 15% less, $34,000.
If you make $248,300, you are taxed at 15% which is $211,055. If you make one dollar more, you take home $198,640 because you are taxed at 20%.
Thats $13K!! Because of $1!!! Crazy!! This is why people cheat and cut corners to beat the system.
| $0 to $40,000 | 0% |
| $40,001 to $248,300 | 15% |
| $248,301 or more | 20% |
This is the best vid that I could possibly describe as the best way to find breakouts on a stock. Everyone should bookmark this vid and practice. Dont buy the first few times....just act as if u are to test your knowledge and see if the chart responds accordingly. Its the same method I use. Its more than about price and volume....following the macd gives u more insight on when to enter and expect the breakout.
With so many stocks out there, u can't watch them all at once....so setup those screeners to find the best ones with the highest percentage increases.
This will be a Colin approved post.
Why the sudden interest ? @tical
Only got Lex van Dam & ITPM.
The ITPM course is better by a frogs hair but get both.
They go in on Fundamental + technical Analysis, Idea Generation, Volatility, Correlations, money management (kelly criterion) , Riskmanagement, Psychology, Macro Economics, Spread trading, Long / Short portofolio etc......basically a trading process like a hedge fund without the need of a Bloomberg terminal. IMO a perfect course for a beginner.
It changed my perception of the Economy, the way I listen to news, made me aware of things.
As always, this isn’t one of those “get rich quick” courses that promise you a fortune for doing nothing.
You get out what you put in.
Sidenote
Funny how all those guys (Lex, Anton , Raoul Pal ) used to work for Goldman Sachs
I think Anton got the idea of starting a trading academy from Lex after doing this show (3 episode).
When you watch you'll get glimpse of how the course is going the be.
Understand that they were trading in the middle of 2007 (GFC) and some of the participants made money.
Still here. Back in the day it seemed like people didn't understand what I posted.
I'm glad options have been embraced by BGOL.
Made good money in the 1st half of 2020 poured that in stock portofolio but 2nd half 2020 I got hammered a couple of times selling premium.
Looking back the option money that I made was more because I assessed the market correctly using only vertical spreads or ironcondor ( 1 trick pony). When the market changes you have to adjust as well. I don't know how to do that consistently.
That's why I'm trying to upgrade my option knowledge (hedging, synthetics, adjusting positions at what price, skew etc.. ) and how to apply.
Cause now I have a portofolio of MSFT, URW, AAPL, BIP, F, T, SAND, Heineken, UL, and I want to protect it.
So as mentioned in another post I found a new option guru Charles Cottle aka the Riskdoctor. He's legit.
This simple question from his book made me realise that I only know the basics of options.
The book Options Trading; The Hidden Reality (2006) can be found on pdfdrive.com.
I cannot find his 10GB video course for download for free (perhaps BGOL can), so I bought only his 201 + RD2 part from this website for cheap.
It's intensive. I need to brush on certain concepts and my algebra
This is more than I could have hoped for. Now to answer your question it’s always a good time to go back to the basics and get better. I’m okay! But there’s a shit out there for me to learn and in search trading courses and this thread I came across your post.
Going to down load the links you posted and comb through course!
So much to learn. The goal is to at least 3x my money by the end of the year! Better money management, better trading decision...just better everything!
Really good stuff! I would also add the Think or Swim trading platform that you can get for freehas an OnDemand feature. So you can go back as much as you want in time...id keep it within the last 1-3 months and test out these indicator strategies there.
Cool, thanks for the feedback.
I actually went back and looked at the recent chart for OCGN for comparison. Figured I would try to look at the past price actions / charts for examples too.
I'm horrible with #'s, things tend to stick with me more when I put a human element behind the data. So I find myself making sense of things by viewing it as human purchasing behavior. This is probably gonna sound real stupid to you, but this is all based on peoples buying behavior, right? Resistance level is the current high that the masses are are willing to buy at and Support is the new low where the masses think the stock price is currently a good deal? And then the lines are a representation of the averages?
*Highlighted for my ETF homies:
SUBZ: The streaming sector will get its own ETF next week when the Roundhill Streaming Services & Technology ETF (SUBZ) launches. The actively-managed exchange-traded fund is set to invest in companies that develop, manufacture, distribute, or sell products or services related to the delivery of data or media content (audio and video) over the Internet. The fund will be the very first to focus exclusively on the streaming sector. Netflix (NASDAQ:NFLX) and fuboTV(FUBO) would be appear to bet good bets to be headliners in the fund.
Definitely will add this to the portfolio
This
This is amazing stuff, fam. Quick question. Do you see that MACD crossover in real time? Or is this something we have to catch pre-market open?
Thanks for this. I just watched another video which says the 30 min time frame is the best one to use for MACD. Look at the difference in the MACD. Takes a lot of the guesswork out. I'll be practicing this - It may help me get back into momentum trading.
** Also, the price action should be above the 200MA.
Great point, this is how we transform our communities. Sharing knowledge for the betterment of us all.Meme stocks are like the old pyramid schemes. Get in early, or don't get in at all. The only way I would have gotten into that stuff is if I knew it was about to run before it started to run. Other than that, "No way!"
There are a lot of smart people on this board. It would be great if we could focus our efforts. There's enough money in the markets to make all of us wealthy as fuck. That's why it's important to share information with each other. We could have saved some of you from yourselves. I scan for my own shit, because once everyone hears about a stock, its doomed.
They say stocks go up an escalator; but they go down through a window. People are going to experience that shit today. I feel sorry for those who bought into that hype late. Because at the end of the day, you're going to be holding garbage. Greed is a MoFo.
You will see the macd in real time even before you see the price change. so it gives u a headstart on buying in on the stock before the breakout.
its how i was able to spot that breakout on OCGN like 45 mins before it ripped. so i put out the alert for everyone to get in as well.
i may start getting more bullish when i spot these......cuz its a guaranteed play, there is absolutely no losses taken on plays like these.
We in the same discord?
How many shares do you have?
Never feel bad when you grab a tit. Just pluck the nipple and move along. The minute you start thinking is when you’re going to find yourself either with a sexual assault charge or you’re wifing her. Don’t be that guy.
So yesterday I got killed my 2 stocks. I figured pre trading weren’t real so I was going to stick to my 10 AM rule. The problem was the price never receded. As a man of principles I said fuck them. I took my money and bought 7700 shares of VISL at 62. The day’s low was 61. At 356 I sold my shares and put my dick in my pants. The stock still had .50 cents of movement in after-market trading. I plucked a nipple and walked away. I got my feel.
Brah, I'm a grown man. You can't be talking to me like that.
We use terms like "Gains" and "Leverage" here. Not "tits" and "nips" and.....
Information is one way. Cash with that knowledge is the real way to make a dent.
This is an adult forum. When in Rome.
Brah, I'm a grown man. You can't be talking to me like that.
We use terms like "Gains" and "Leverage" here. Not "tits" and "nips" and.....
Disagree - all about quid pro quo.
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