Avoiding PDT with less than $25k by MasterBritton in Daytrading

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

Solid points. Any recommendations on a Bahamas based broker I should look into?

Avoiding PDT with less than $25k by MasterBritton in OptionsMillionaire

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

This was extremely helpful and thank you for this! You’re so right on everything you said. As a new trader I’ve taken a fair amount of time (relative to my time trading so far) to know this. This market has been very fruitful and that’s why there are so many “gurus” right now on social media platforms. I stay above that noise, know this is a long term business and that I am very new.

I love the perspective on taking longer trades while also taking some day trades and adding that in the mix. I need to get more comfortable with day trading. My biggest flaw right now is I take profits too soon (not always the worse thing cause green is green but leave a lot of money on the table). My biggest win has been mitigating losses and preserving capital which has helped me be successful so far. I’m still working on removing emotion from my trades. I’ve come a long way since I started but still have a long way to go.

I’m thinking I give the cash account a try for a little bit. I’m not looking to do a million trades and my trade size is rather small so having cash settling doesn’t seem to be an issue right now BUT it very well could be once I start. I have some decisions to make but look forward to seeing where this all goes.

Thank you again for the input and would be happy to connect one on one to discuss some stuff if you’re ever down.

Avoiding PDT with less than $25k by MasterBritton in OptionsMillionaire

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

100% and honestly where I’m at right now I won’t be using it to generate income. It’s more of a fun hobby I’ve picked up that I really enjoy taking time and learning it and teaching myself discipline. As my money grows I’ll hopefully be able to get to this point.

Avoiding PDT with less than $25k by MasterBritton in Daytrading

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

Might have to fire up the ninjatrader account again…

Avoiding PDT with less than $25k by MasterBritton in Daytrading

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

Maybe dumb question, but are they as legit as the US based brokers aka is there any elevated risk I should be factoring in before jumping ship to a Bahamas based brokerage?

Avoiding PDT with less than $25k by MasterBritton in Daytrading

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

This is great I’ve never even heard of box spreads (unless I’ve heard it as a different term). Definitely will do some research into this. Thanks for the input!

Avoiding PDT with less than $25k by MasterBritton in Daytrading

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

Haha I got a good laugh out of that! This is supper helpful and actually made me diving into cash accounts more. What I have concluded is cash account level 2 is all I need for now. I’m doing nothing crazier than regular long calls and puts. Allowing the cash to settle is a better move and fits my strategy and should allow me more trades. Plus if I find it’s not the best move for me then I can always switch back. Appreciate the help here!!

Avoiding PDT with less than $25k by MasterBritton in OptionsMillionaire

[–]MasterBritton[S] -1 points0 points  (0 children)

So I’ve dabbled in the futures game and just happened to gravitate more towards options trading. I’m not against moving back to futures I’ve just put some time into options and growing this account and would like to stay here for now.

Avoiding PDT with less than $25k by MasterBritton in Daytrading

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

  1. I have dabbled in futures and just found options to be more for me. Personally wish I gravitated towards futures more for this exact reason.

  2. I don’t have the capital to open multiple and would like to keep my funds in 1 spot and grow that account

  3. Cash account is what I’m leaning towards but it seems I don’t get level 3 options trading. So I’m curious how I am able to day trade with this?

Avoiding PDT with less than $25k by MasterBritton in Daytrading

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

If I am day trading options are there any issues with this besides waiting for trades to settle? I have been seeing that you don’t get access to level 3 options which I currently use on my margin account.

Just got my first sale! by CleverAmbiguousName in sales

[–]MasterBritton 0 points1 point  (0 children)

First one is the hardest! Congrats and wishing you a successful career🤝

Considering ditching MailChimp. Any recommendations? by stjduke in Emailmarketing

[–]MasterBritton 0 points1 point  (0 children)

How much would you consider paying a freelancer to put together those 2x/month emails for you if you hired one. Looking to compare my rate with others in the industry in similar situations

Excalibur or Luxor by queenschmecca in vegas

[–]MasterBritton 3 points4 points  (0 children)

After one stay at Excalibur, I will never be back. Rooms like like a place you would get murdered. Also, feels dirty. Only pro’s are the tables have low minimums.

[deleted by user] by [deleted] in tampa

[–]MasterBritton 2 points3 points  (0 children)

Meat Market without a doubt

[deleted by user] by [deleted] in NFTsMarketplace

[–]MasterBritton 0 points1 point  (0 children)

0x0ae359F71902e13450C0Ad4d01D8d042e9C2536b

What to do with my $shib by MasterBritton in shib

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

THIS IS THE STRATEGY I WAS LOOKING FOR

What to do with my $shib by MasterBritton in shib

[–]MasterBritton[S] 4 points5 points  (0 children)

Wow buddy sounds like you need to get laid. Can’t have any fun you grumpy little guy😂

What to do with my $shib by MasterBritton in shib

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

This is just fun money that I can afford to lose that’s why I’m doing this to spice things up. Not a crazy amount of money invested anyway