Answers to trading questions

The rules adopt the term “pattern day trader,” which includes any margin customer that day trades (buys then sells or sells short then buys the same security on the same day). Under the rules, a pattern day trader must maintain minimum equity of $25,000 on any day that the customer day trades. to top

The learning curve for day trading varies on the amount of time, dedication and account size as it will most likely decrease during the learning process. Many will try to succeed but will inevitably fail. to top

When a broker demands a trader to deposit additional funds or liquidate existing positions due to insufficient funds. to top

I use Scottrade Elite and TOS. to top

A very real but difficult question to answer as each individual trader has their own individual issues to deal with. Mental change is the most important change in my opinion before any technical changes. to top

Just because day trading doesn’t work for you means that you’ve failed and should give up. You may not be able to adapt to the fast-paced lifestyle of a day trader but could do better with FOREX or FUTURES trading. Even swing trading or position trading could be explored. to top

Of course, you can if your platform would allow you to. I personally don’t think it’s a wise idea and might just be money wasted. to top

It may seem like an easy task but many new traders will fail and should start with a much smaller goal even with a huge trading account. Being consistent is important. to top

Trades are not working for you and this will lead to frustration and eventually failure. You are not ready yet sadly and should take a step back with smaller position sizing. to top

This is an emotion issue that needs to be addressed with immediately. Being greedy will cause much destruction and not being able to cut a red trade will also end in the same fashion. to top

You do not need more than one screen to day trade but, it will make your day easier to monitor multiple positions. to top

Having intraday market scanners will allow you to be on top of much more that is happening in the market. They will not help you be a better trader if you do not understand basic trading. to top

Having news feeds are great for understanding why stocks are moving. They will not help you to be a better trader if you do not understand how to read and interpret the news. to top

I spend about 2-3 hours, 7 days a week studying and reviewing charts and trades. to top

I look at how volume depicts the direction of the trades. I look for daily volume increases or decreases as they correlate with the moving averages as they are a key criterion in my strategy. to top

I use the 8/13/50 EMA. MACD and Stochastics. to top

I’m a purely technical analysis trader as I use price action to depict direction and momentum. to top

Finding the strategy that I use now opened my eyes to noise elimination. to top

I hit rock bottom, blowing up my account and my wife still had the heart to support me. Gave me strength to continue. to top

I have an 8 screen Falcon Trading Computer. to top

I have about 17 charts up at all time. Most remain on the core securities and ETF’s that I trade on a daily basis. to top

Starting a trading journal was a good change in my trading career. Stepping it up a level with a “detailed trading journal” put my game to another level. Helped me to really filter out the errors in my ways. to top

Answers to general questions

You will have instant access to our live day trading room upon successful PayPal payment. Usually takes no time at all or under a minute to be exact. When your payment goes through, just go to Members section if you aren’t forwarded there automatically from PayPal and click “Live day trading room” button. If you get logged out from our site for some reason while you were completing your PayPal payment, just log back in. You should now be able to have full access. to top

We have made a page on this specific question. It’s called Calendar. You may save it in your bookmarks or favorites in your web browser and you’ll be able to check it as often as you need. The calendar page is updated on regular basis. to top

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