Cashcauterize
:
Soo, whataya think is okay to sell a little of our stock to use as money, lets say 25% and then use that same money to rebuy at lower prices?
Seth Whipple
:
yeah after 25k PDT rules no longer affect you. it's supposed to be there to "help" prevent lower cap traders not blow all of their money but it doesn't really help anything. in fact it's a hindrance
Cashcauterize : Soo, whataya think is okay to sell a little of our stock to use as money, lets say 25% and then use that same money to rebuy at lower prices?
Cashcauterize : Unfortunatly FINRA put the Kabash on retail for day trading, 3 a week what a joke I guess HF needed more help to steal from retail
Seth Whipple Cashcauterize : you only need 25k brother, I agree the rule is ridiculous though
Cashcauterize Seth Whipple : Wait so if we have enough money we can day trade past the 3 day limit like you said 25K???
Seth Whipple : yeah after 25k PDT rules no longer affect you. it's supposed to be there to "help" prevent lower cap traders not blow all of their money but it doesn't really help anything. in fact it's a hindrance