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All videos or content posted on this channel regarding stocks, investing, stock trading, money, money, wealth, retirement, or any investment vehicle is entirely for educational purposes only, please do not take any of the information literally, and always speak to a professional/licensed investment specialist for any investment decisions.
2. Those Diagonal Trend Lines On My Screen https://bit.ly/2XOp7uR
3. Custom Volume Scanner https://bit.ly/2UqlKZ5
4. Fastest Market Scanners https://bit.ly/3kjqz1z
DOWNLOAD https://bit.ly/2PxgXSy https://bit.ly/2DujgU1
5. Fastest Market News https://bit.ly/2DuaPbj
6. Free Chatroom 30,000 Members https://discord.gg/QXjqBTM
7. Boiler Room Trading FB GROUP https://bit.ly/2PxD2k5
DISCLAIMER:
All videos or content posted on this channel regarding stocks, investing, stock trading, money, money, wealth, retirement, or any investment vehicle is entirely for educational purposes only, please do not take any of the information literally, and always speak to a professional/licensed investment specialist for any investment decisions.
The damn alerts!!
i dont get the cash account. do you mean if i have a 100k acc, the best way to trade constantly would be to trade 50k max on monday, 50k max on tuesday, then i can trade the settle 50k max on wednesday (settled from monday), then 50k max on thursday (settled from tuesday) and finally 50k max on friday (settled from wed). so basically i can never trade the whole 100k in out in a day or 2 coz i ll get strikes? also does trading 50k mean buying 50k and selling 50k? if buy and sell 50k on monday, have i used 50k or 100k?
Glad I came across your video, very helpful as I am new
is robinhood cash account rules similar with intractive brokers ?
Thank you so much for this education! I’m new(baby) trader and that’s exactly what I did I kept going in and out! Now I’m locked out until Tuesday. Hmm, I have one call position until Friday 2/10, now my question is can sell this tomorrow?
Thanku🥰
so the cash acct is the same as a margin account but the cash acct you don't get as much money senseless stay with margin acct and obey the rules
Plus you can't short with a cash account, only with a margin account.
Seems like it's rigged against the smaller guy/gal.
Great explanation
wow, good info Connor. Makes more sense now.
Thank you so much, this was a great explanation
What about trading options? Does that count against the PDT total? What type of account should I use if I have more than $25K to trade? Can you please turn off your alerts for the next video?
So basically if you have a cash account, divide up your money by how many day trades you plan on making. Useful if you constantly get flagged as a day trader.
If you have a margin account, limit yourself to 3 day trades a week. Useful if you want to maximize the amount of money your trading and have the discipline to not go over your limit.
Also if you buy at the end of the day and sell early in the day, it doesn't count as a day trade.
Great explanation. 👋
Webull is T+1
How tf are people supposed to day trade if they have to wait 2 business days after trading a couple times?
thanks man your brilliant
PDT should not be a rule cause 25,000 not everyone has 25,000 to day trade with
So, i wanted to make sure my account was a cash account through a broker i use. This was their reply,
"[ ] Investing offers limited purpose margin accounts that do not involve any extension of credit. We do not currently offer other types of brokerage accounts such as cash accounts, traditional margin accounts, or joint accounts."
Wow you broke this down soo Amazing.💪.I'm late to this vid but VERY informative. Thank you.
Short selling, uncovered option writing, option spreads, and pattern day-trading strategies all require extension of credit under the terms of a margin account and such transactions are not permitted in a cash account"
What does this mean in fidelity no day trading permitted in cash account? Thanks
Can you short on a cash account?
Why does Robinhood always send me a message when I am about to hit the PDT rule? I am sure I have a cash account with them. I also never trade with more money than my balance. Thanks Connor for the great work.
Thank you very good in splaining it help me
So if I had 25k or more in margin account for stock options. I can make 100 trades per day if I want?
Damn you repeat yourself so many times…my goodness…it hurts
The notification going off continually is crying shame!
I am from the Future. Your volume needs to be tuned. We got hearing problems in 2021.
The fact you didn't reshoot the video after realizing how much of an annoyance the discord alerts were shows how little you actually care about the content you put out, sad