Earn

Hello all. Two years swing trading as supplement to income (did a little day trading in 2000s). I'm active last 3 hours of the market. Struggle: having confidence to increase position size. Rule for this week: follow all the other rules.

@Lisa Ivanov I also have issues with not holding long enough. I think account size is part of the matter; too tempted to lock in a gain and not give anything back. Keep at it!

I was not intending to day trade, but in about three trades, I placed an order overnight, and the stock moved up a double digit percent from my entry price the following day; I sold that day, thus a day trade. Each time, my broker promptly reminded me of my potential PDT status if I made more day trades in the time framework. So I told broker to convert my account from Margin to Cash, which they did. My understanding is that removed any PDT possibility. Oddly, though, FNRA says: "Day trading in a cash account is not permitted." Then, it says: "All securities purchased in the cash account must be paid for in full before they are sold. In the cash account, under FINRA rules, purchasing a security, paying for it in full as required by Regulation T, and then selling the same security is not considered a day trade." First, they say it is "not permitted" in a Cash account. Then, they say it's not really a day trade. A muddled explanation it seems to me, and makes me wonder if I really had gotten clear of potential PDT status. Water over the dam now, though.