Ijsaldana
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Tech is now in the process of cooling off as the industrials and most cyclicals are taking the lead to help in overall direction. It's extremely difficult to put everything under the same umbrella these days when it comes to the sentiment with all the rotation and earnings in the way, things can change quicker than ever too as small-cap names in a solid position while the giant tech bubbles struggle in a melt-up scenario.
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Hi, moomooers, we notice that many of you have problems regarding PDT (Pattern Day Trader). PDT is a basic rule but important. Today, we will go through it with an explanation and solution.
What is PDT?
Firstly, we should be clear that PDT is a term defined by FINRA (Financial Industry Regulatory Authority). It refers to any trader who executes 4 or more “day trades” within 5 business days using the same account. Under FINRA rules, traders, who are marked as PDT, must have at least $25,000 in their accounts and can only trade in margin accounts.
What is day trade?
A day trade is defined as buying then selling or selling short then buying the same security on the same day. Simply purchasing and holding a security would not be regarded as a day trade. If you sell short and then buy to cover on the same day, it will be considered a day trade. The day-trading margin rule applies to day trading in any security, including options. Futu does not promote day-trading.
How to kn...
What is PDT?
Firstly, we should be clear that PDT is a term defined by FINRA (Financial Industry Regulatory Authority). It refers to any trader who executes 4 or more “day trades” within 5 business days using the same account. Under FINRA rules, traders, who are marked as PDT, must have at least $25,000 in their accounts and can only trade in margin accounts.
What is day trade?
A day trade is defined as buying then selling or selling short then buying the same security on the same day. Simply purchasing and holding a security would not be regarded as a day trade. If you sell short and then buy to cover on the same day, it will be considered a day trade. The day-trading margin rule applies to day trading in any security, including options. Futu does not promote day-trading.
How to kn...
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Ijsaldana
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I am quite interested in reverse stock split. Here is what I learned yesterday. Hope this would also help you guys.
A reverse stock split is also called a stock merge, where a company merges the stocks to form a smaller number of proportionally more valuable shares. Company reduces the total number of outstanding shares in the open market, a signal of a company in distress. By involving such process, the share price will increase. For example, in a one-for-three reverse split, shareholders would receive one share of new stock for every 3 shares they owned. If a shareholder owned 300 shares before the split, he/she would own 100 shares after the reverse
A reverse stock split is also called a stock merge, where a company merges the stocks to form a smaller number of proportionally more valuable shares. Company reduces the total number of outstanding shares in the open market, a signal of a company in distress. By involving such process, the share price will increase. For example, in a one-for-three reverse split, shareholders would receive one share of new stock for every 3 shares they owned. If a shareholder owned 300 shares before the split, he/she would own 100 shares after the reverse
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$Diffusion Pharmaceuticals (DFFN.US)$ Check this out.
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Ijsaldana
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I have a share of $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$I am confused today. It went from $1.35 to $27?
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Hey moomooers,
The Trading Notes Contest in Moo community just ended on March 31, 2020.
We would like to send a big thank you to everyone who participated in our contest, we received total of 13 pieces of trading notes in the due time.
We carefully assessed every entry that we have received. The winners were selected based on the engagement and the number of trading notes as described in the contest post.
The winners of the contest are as follows:
1.Based on the engagement (include likes + comments+shares) of the trading notes (e
The Trading Notes Contest in Moo community just ended on March 31, 2020.
We would like to send a big thank you to everyone who participated in our contest, we received total of 13 pieces of trading notes in the due time.
We carefully assessed every entry that we have received. The winners were selected based on the engagement and the number of trading notes as described in the contest post.
The winners of the contest are as follows:
1.Based on the engagement (include likes + comments+shares) of the trading notes (e
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Ijsaldana
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Hey Moomooers,
Hope you all doing well to beat the recent bear market.
As we have shared in the story Always Take Notes, For Trading - New Feature update, the Trading Notes feature was launched in February.
Trading Notes help you track your trades and thoughts throughout the day.
It's a great tool because the trading notes in moomoo provide intuitive details all in one picture, and that's beyond what you can see on your brokerage statement.
It includes what market conditions were like and if you were distracted or made mistakes.
It's also where you can record strategy ideas which may arise as you trade throughout the day, and now a Trading Notes Contest in Moo community is just around the corner.
Buckle up and get ready for some Notes!
Hope you all doing well to beat the recent bear market.
As we have shared in the story Always Take Notes, For Trading - New Feature update, the Trading Notes feature was launched in February.
Trading Notes help you track your trades and thoughts throughout the day.
It's a great tool because the trading notes in moomoo provide intuitive details all in one picture, and that's beyond what you can see on your brokerage statement.
It includes what market conditions were like and if you were distracted or made mistakes.
It's also where you can record strategy ideas which may arise as you trade throughout the day, and now a Trading Notes Contest in Moo community is just around the corner.
Buckle up and get ready for some Notes!
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