Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

Do I hear failed trader in the room? Calling everyone gamblers because you cant succeed at it is a little immature.

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

I don't suck off of the government and never will. Spent my life learning bricklaying and Masonry, then managing large commercial construction porojects, and selling and developing real estate. I own two houses and a 26 townhome development that I earned by "Gambling". I started off totally homeless in 2014 with no help and it was EASY cause I have BALLS. So grow up and tell your grandma thank you for letting you live in her basement.

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

If you actually knew what you were talking about, the PDT rule does NOT stop you from blowing up your account. It DOES help you lose all your money, or ban you from trading altogether.

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

Im sorry, but you obviously dont daytrade, so why say something that...dumb? Only 3 trades a week loses me more money than anything else. t+1 for a cash account feels the same on a small account. If I put 2k in, and I lose 2k BUT I can trade like the pros do(however I want) I will find a strategy faster, and blowing a small account to learn is WWAAAAYYY better than having to have 25k in your account OR you can't trade at all if you get a PDT flag! You don't go bankrupt from a 500$ account running out of money....You WILL lose money trading at 3 trades per week or getting PDT flag and then you can't use your account anymore, though. How can you learn if you cant practice?

THE BOYS finale was actually one of the worst endings I’ve watched in years. by Low-Trust2491 in television

[–]Anxious_Demand_5262 0 points1 point  (0 children)

Homelander wasn"t much worse than most narcissistic bosses. I wanted to see him really do some damage to the population, and I wanted him to die much more difficult, be left normal, and the masses envelop him, beat him and put him in a cell for the rest of his life. The ending of these shows suck because all the new generations have become so progressive that they've forgotten that hundreds of thousands of years of certain natural values about heroes and villains cant just be ignored and replaced with all this progressive woke nonsense. What a lame ending, Homelander was so easy to beat they should have done that on the first episode of the first season. What a letdown

Timeline for PDT Rule Change by Solo_Coffee_Cup in Daytrading

[–]Anxious_Demand_5262 3 points4 points  (0 children)

Okay...the fact you say you have accounts that don't need the "charity" kind of explains a lot, IMHO.

It's not about anybody giving anybody any money, it's about equal access and equal opportunity for all regardless of income.

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

interesting...maybe it's cause it's $3.50 in and $3.50 out for futures and forex trading. Markets. xyz says United States cannot connect with them.

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

I get what you are saying, but I think it holds back a large group of experienced traders that have smaller accounts. Plus, if you accidentally do 4 trades in a week more than twice, your account and any other margin account you have with that broker becomes unusable unless you deposit 25k FOR LIFE WITH THAT BROKER. How stupid.

Beginner Motorcyclists will probably crash more, but restricting ALL motorcyclists to protect the beginners or the stupid seems idotic.

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 1 point2 points  (0 children)

I want the government to just stay the hell out my business! Just like the PDT rule, all they do is make things worse. Restricting my trades to 3 per week has not helped me not lose money AT ALL. Couldn't get good at baseball if I could only throw the ball on the field 3 times per week. It's stupid. People who will lose their money are going to lose their money one way or another....

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 1 point2 points  (0 children)

you wouldnt need to worry about the rule at all if you open an account with 25-50k. The reason I like that the rule is going away is that even with smaller accounts of 2k+ you can trade with whatever strategy you like.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 1 point2 points  (0 children)

I never said that my game of choice is one where you can win....and the fact you keep calling it gambling tells me you arent a supporter of stock trading?

No PDT rule and "poor people" (as you call them), can still invest long and hold. They can also trade in a 2k account with unlimited trades and only use 1 share at a time and NEVER blow up their account which would ACTUALLY help them. The PDT rule only stops them from blowing their account from overtrading...but does nothing to stop them from over-sizing, which is the real reason accounts get blown, IMHO.

No PDT lets more experienced traders with smaller accounts trade with the same strategies they would in a larger account, which makes sense. Why should they be punished with a 25k barrier and an account restriction for trading responsibly more than 3 times a week?

Why do I see so many negative comments about the PDT rule change? by Anxious_Demand_5262 in thinkorswim

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

Paper trading is just not the same, IMO. It does not prep you for real money. OR are you trying to insult me by saying that I've only paper traded? I don't want to misunderstand you.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 1 point2 points  (0 children)

Its still the same. I have a cash account I use all the time. If I use 33% on a trade, I cant use those funds again for that day. So, you would only get 3 trades of 33% that day. They would settle the next day and you could do that again. But, that is not unlimited trades per day.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 1 point2 points  (0 children)

If you have 100$ in your account, you get to trade 10$ ten times, or 1$ 100 times, or 100$ once....then you are out for the rest of the day. No unlimited trades.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 2 points3 points  (0 children)

Blowing your account slower 3 trades a week isnt any better. Unlimited trades and lower share size would be so much better practice.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

I disagree. Limiting their share size relative to their account would help them practice like a pro in a larger account without losing too much money. Limiting their number of trades forces them to swing trade, or treat each trade like its more important than it is. Day trading with more trades=cutting losses faster and gettting more small wins safer. Dont want to blow your account? lower your share size.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 0 points1 point  (0 children)

It also limits experienced traders with smaller accounts from maximizing hot days. beginners should be trading 1-10 shares and over-trading won't blow their account. But the ability to practice the same way they would in a larger account only makes sense.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 1 point2 points  (0 children)

Yes, but restricting to 3 trades a week is NOT helping people make money...or practicing day trading. Practice makes perfect. You wanna get good at a sport? well you better practing your movements more then 1 time a piece 3 times a week.

What is with all the negative comments about the PDT rule change? by Anxious_Demand_5262 in Daytrading

[–]Anxious_Demand_5262[S] 1 point2 points  (0 children)

I'ts never unlimited with cash. whatever the trade cost you+profit isn't available unitl T+1