- Impact
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I get the notice this morning :
You have been flagged as a pattern day trader because you completed four day trades in the past five trading days.
You can continue trading, but we will prevent you from making another day trade until July 27, 2020 or you increase the value of your stocks and cash to $25,000.
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I have been trying to avoid this for a while, but, I could not resist, HTZ started at 5,24 then fall to 3,75.. then and a good positive volume appeared, right there I come in.. 2k x 533 share they went up to 4.90.. but it came out at 4.87..then it appeared "pattern day trader".. now I can not buy nothing else...until Jul 27, you know the government doesn't want me to lose money, but wait, what about the lottery and casinos there is something else that has a higher percentage of losers than BlackJack, Poker, Roulette, Power ball, Fantasy Five or Scratch-off ?
But more than that, pattern day trader law it doesn't prevent you losing money, this doesn't say anything about how much money can you invest in less than 5 operations, just focus on how many times you buy and sell...but wait..There is no way that you will be profitable if you do not go in and out when the price is more favorable...
You have been flagged as a pattern day trader because you completed four day trades in the past five trading days.
You can continue trading, but we will prevent you from making another day trade until July 27, 2020 or you increase the value of your stocks and cash to $25,000.
------------
I have been trying to avoid this for a while, but, I could not resist, HTZ started at 5,24 then fall to 3,75.. then and a good positive volume appeared, right there I come in.. 2k x 533 share they went up to 4.90.. but it came out at 4.87..then it appeared "pattern day trader".. now I can not buy nothing else...until Jul 27, you know the government doesn't want me to lose money, but wait, what about the lottery and casinos there is something else that has a higher percentage of losers than BlackJack, Poker, Roulette, Power ball, Fantasy Five or Scratch-off ?
But more than that, pattern day trader law it doesn't prevent you losing money, this doesn't say anything about how much money can you invest in less than 5 operations, just focus on how many times you buy and sell...but wait..There is no way that you will be profitable if you do not go in and out when the price is more favorable...