🔴 Want to learn more from Tim Bohen, check out SteadyTrade Team: https://stockstotrade.info/3gNisbz
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As a new trader with a small account, the PDT rule probably drives you nuts! If you have less than $25K in your account, you're considered an ‘unsophisticated investor.’ So how can you get over this rule with your small account? Bohen has 7 key tips just for you. Tune in!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/s0Pb5NUm36k
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/30wTMOB
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/2XDTSCm
🔴Traders Blueprint Free Guide: https://stockstotrade.info/31slZpa
🔴Check out the SteadyTrade Podcast: https://steadytrade.com
✅ Recommended video:
🔵 https://www.youtube.com/watch?v=OzMGss5Zp9U
🔵 https://www.youtube.com/watch?v=wUjw8kh1yzs
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
First of all, keep in mind that the PDT only affects margin accounts. So what’s the point of it? To protect you from yourself. You’re only allowed three roundtrip trades (in and out of the same stock) in a rolling five-day period.
It sucks, we know. But it’s a government regulation and your broker will enforce it. So how can you deal with it? If you follow these steps, you’ll be off to a great start.
First things first. Do NOT use leverage. We don’t care how tempting it is. Tune into the video to learn why this is a dangerous move, especially as a new trader.
Next, don’t ever go all in. With a small account, you can be tempted to take larger positions for ‘better’ profits. But you gotta keep your losses in check. Remember, your goals should be green trades, good choices, and solid execution. Nail that first.
You’ll also need your own process to build your own watchlist … It’s important to have a methodology. Don’t just look at a top percent gainer and decide that’s the one you’ll trade. Know how to find the stocks with the most potential for your strategy.
Don’t even think about copying someone’s alerts … That’s another tempting mistake. If you want to get over the PDT … AND stay over it, you’ve gotta be self-sufficient. Alerts should be for educational purposes only.
Be sure to set goals and stick to them! And no, we don’t mean profit goals. Tune in to learn why profit goals can screw up your mindset. Set process goals to consistently improve your routine. Discipline is key.
Focus on a specific time of day. Make your trading schedule work for you, so you don’t have to adjust your everyday schedule. What if you work? Tune in for Bohen’s in-depth explanation on how you CAN make trading work for you.
We saved the most important tip for last ... Be sure to tune in and catch it!
#StockMarket #SmallAccount #PDT
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🔴 Try StocksToTrade for $7: https://stockstotrade.info/30wTMOB
As a new trader with a small account, the PDT rule probably drives you nuts! If you have less than $25K in your account, you're considered an ‘unsophisticated investor.’ So how can you get over this rule with your small account? Bohen has 7 key tips just for you. Tune in!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/s0Pb5NUm36k
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/30wTMOB
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/2XDTSCm
🔴Traders Blueprint Free Guide: https://stockstotrade.info/31slZpa
🔴Check out the SteadyTrade Podcast: https://steadytrade.com
✅ Recommended video:
🔵 https://www.youtube.com/watch?v=OzMGss5Zp9U
🔵 https://www.youtube.com/watch?v=wUjw8kh1yzs
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
First of all, keep in mind that the PDT only affects margin accounts. So what’s the point of it? To protect you from yourself. You’re only allowed three roundtrip trades (in and out of the same stock) in a rolling five-day period.
It sucks, we know. But it’s a government regulation and your broker will enforce it. So how can you deal with it? If you follow these steps, you’ll be off to a great start.
First things first. Do NOT use leverage. We don’t care how tempting it is. Tune into the video to learn why this is a dangerous move, especially as a new trader.
Next, don’t ever go all in. With a small account, you can be tempted to take larger positions for ‘better’ profits. But you gotta keep your losses in check. Remember, your goals should be green trades, good choices, and solid execution. Nail that first.
You’ll also need your own process to build your own watchlist … It’s important to have a methodology. Don’t just look at a top percent gainer and decide that’s the one you’ll trade. Know how to find the stocks with the most potential for your strategy.
Don’t even think about copying someone’s alerts … That’s another tempting mistake. If you want to get over the PDT … AND stay over it, you’ve gotta be self-sufficient. Alerts should be for educational purposes only.
Be sure to set goals and stick to them! And no, we don’t mean profit goals. Tune in to learn why profit goals can screw up your mindset. Set process goals to consistently improve your routine. Discipline is key.
Focus on a specific time of day. Make your trading schedule work for you, so you don’t have to adjust your everyday schedule. What if you work? Tune in for Bohen’s in-depth explanation on how you CAN make trading work for you.
We saved the most important tip for last ... Be sure to tune in and catch it!
#StockMarket #SmallAccount #PDT
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
PDT Rule is the Stupidest Rule I've ever seen
Hey Tim, just want to ask, if I'm using a broker based in the US but I'm trading in the Philippines am I still bound to the PDT rule? thank you in advance
Thanks Tim
When you mention picking a good time to trade partly because of your job or responsibilities.. If you're stuck at home all day because of a job loss, would it be detrimental to trade the entire day? If i get occassional free lance work I can do it remotely on my PC but most the day I'm just sitting watching stocks and reading charts to memorize patterns. I was just hoping that if you had the time to sit the entire trading day is it bad?
good tips Tim …………… 🙂
Your advice is really excellent!
This made me feel good, im on my third notebook! Thanks as always Tim!
Multiple accounts using different brokers. Limit trades to two per five days to avoid triggering it.
Love your info. Wish I’d found you and Tim Sykes 6 years ago when I started dabbling in the asx…. I’d be retired by now at 58 instead of barely breaking even.Not trading at mo.. studying studying studying for over 2 months now
Its 4am im up ….again
🔥
7 really good tips, Thank you so very much.
Good advice 👍
Wow hacker adrianlomahackr on telegram make my dream come true he make me pay all my debt and I still have some on my wallet thanks 🙏
Wow hacker adrianlomahackr on telegram make my dream come true he make me pay all my debt and I still have some on my wallet thanks 🙏
2 quotes from the sciences
“The difference between science and screwing around is writing it down”
“If you don’t write it down, it may as well not have happened”
First one is from myth busters host, second one I don’t remember because I heard it in every lab or school I worked in.
I don’t get why newbies want to have a margin account. Get a cash account! No PDT. As a new trader you should never use leverage so why get a margin account?
Awesome. Thank you.
I'll never forget what my Training Instructor told us in Boot Camp. "You can have anything you want in life, but you got to have DISCIPLINE". I was like 21 yo at the time. It was correct, never forgot it.
is your scanner on STT better than finviz? I keep missing trades and only find the tickers for OTC stocks when Sykes posts the tickers on Twitter.
Solid advice, as usual. Thanks!
What a great video!
Thank you Tim Bohen! truly the best teacher for penny stock processes and set ups right here hands down. Keep the value coming please!!!
I switched to cash because I found myself not cutting losses. I didn't want tk waste a trade and wait a week
I look forward to all your vids everyday!! I learn so much!! Thank you 🤜🏼🤛🏼
What are the advantages to the Stockstotrade trading platform vs others (like Interactive traders platform)? is it easier and more simple? is it better for beginners who only trade longs for the meantime? Is it easier to fund an account and withdraw when needed? Any other points?
I'm a new trader and it's been a struggle but I'm still green so hopefully I'll get this figured out before the market tanks on November 4th and trading becomes a lot harder.
Thanks Tim, really appreciate all your videos and great information