could have been up $9k, but im a newbie so i need to take a few rides to understand the vehicles handling. also, need to have $25k to day trade and im not there yet so cant buy, sell, buy, sell or i fet cut off completely from the game.
working a full time job and renovating my house at night so this is an enjoyable distraction.
im slowly slowly learning what wonderfully helpful mentors have written about no emotional trading.
thank you all for your input and humor…
good to laugh as 9k turns into 0…
wouldnt have it any other way!
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Lnova
:
You don’t need $25k in account to daytrade because you can also use a cash account and get unlimited day trades that way. You can make both a margin account and a cash account on moomoo. Same with robinhood as well, but in RH I believe you have to choose either/or cash account, or margin account.
Lnova
:
No rush when it comes to learning trading, especially when it comes to learning with real money. The reason I say this is because I learned trading with real money too vs papertrading, and it was expensive, I lost a lot of money. Just take it easy, you can ask plenty of questions, etc, and take your time. Money can be lost fast when learning trading. If something cost me thousands of $ to learn I’d rather be able to explain it to someone else without them having to lose that amount too
AlanTuring24 : Believe Anyone without 25k can day trade.. just not in a margin account and not more than 4 trades in a day if in a margin account.
Fox45 OP AlanTuring24 : Thanks
Fox45 OP Fox45 OP : The warning up top tells me I have to wait 3 days to buy and sell the same day. Bummer.
Debbieee AlanTuring24 : Not more then 4 trades in 5 business days
AlanTuring24 Debbieee : There ya go
Lnova : You don’t need $25k in account to daytrade because you can also use a cash account and get unlimited day trades that way. You can make both a margin account and a cash account on moomoo. Same with robinhood as well, but in RH I believe you have to choose either/or cash account, or margin account.
Lnova : No rush when it comes to learning trading, especially when it comes to learning with real money. The reason I say this is because I learned trading with real money too vs papertrading, and it was expensive, I lost a lot of money. Just take it easy, you can ask plenty of questions, etc, and take your time. Money can be lost fast when learning trading. If something cost me thousands of $ to learn I’d rather be able to explain it to someone else without them having to lose that amount too
ns5 : You can still make big time
Fox45 OP Lnova : Thank you. I just opened cash account.
Fox45 OP : Any idea how to transfer stocks from margin account to cash account?
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