Comments on: PDT Party Hour! (aka Stephen Johnson’s Survival Guide to Overcoming the Pattern Day Trader rule) https://www.steadytrade.com/pattern-day-trader-rule/ Tue, 12 Nov 2019 17:00:59 +0000 hourly 1 https://wordpress.org/?v=6.2.6 By: SureTrader: What to Know About the Broker Shutdown - StocksToTrade.com https://www.steadytrade.com/pattern-day-trader-rule/#comment-21399 Tue, 12 Nov 2019 17:00:59 +0000 http://www.steadytrade.com/?p=704#comment-21399 […] There’s a great episode about the PDT rule on the SteadyTrade podcast … don’t miss […]

]]> By: Matt C https://www.steadytrade.com/pattern-day-trader-rule/#comment-1605 Fri, 15 Jun 2018 02:06:34 +0000 http://www.steadytrade.com/?p=704#comment-1605 Hey guys thanks for all the great motivation, inspiration, lessons, and entertainment! Question regarding the PDT.
Does it count as 1 day trade if I limit buy stock ABC and then make 4 separate limit sell orders in ABC in the same day? Or does this count as 4 day trades? Id like to make sure I understand this, for when capturing some profits when the trade goes my way. Thanks in advance!!!!

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-1241 Tue, 20 Mar 2018 11:03:24 +0000 http://www.steadytrade.com/?p=704#comment-1241 In reply to Cal.

Yeah I agree this one was a little “different” for sure 🙂

]]> By: Cal https://www.steadytrade.com/pattern-day-trader-rule/#comment-1234 Tue, 20 Mar 2018 04:27:18 +0000 http://www.steadytrade.com/?p=704#comment-1234 A little bit different but some good lessons. Humor is always good.
Thanks Guys

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-1151 Wed, 28 Feb 2018 13:56:53 +0000 http://www.steadytrade.com/?p=704#comment-1151 In reply to Clovis.

Thanks again for listening Clovis!

]]> By: Clovis https://www.steadytrade.com/pattern-day-trader-rule/#comment-1150 Wed, 28 Feb 2018 06:18:01 +0000 http://www.steadytrade.com/?p=704#comment-1150 In reply to Tim Bohen.

I need a recipe….hehe…great input. Thank you Tim!

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-1132 Sun, 25 Feb 2018 13:35:01 +0000 http://www.steadytrade.com/?p=704#comment-1132 In reply to Clovis.

Yeah gappers are never guaranteed, but all you can do is put as many positives in your favor, putting together the “recipe” I call it, you can maximize your chance for success. Many traders will try and gap stocks with only 2-3 reasons, you need many factors in your favor or skip the trade. Thanks

]]> By: Clovis https://www.steadytrade.com/pattern-day-trader-rule/#comment-1128 Sun, 25 Feb 2018 05:18:52 +0000 http://www.steadytrade.com/?p=704#comment-1128 Great insites for under PDT rules account. I just find difficult to find the right stock to o/n, alot of times I get a gap down instead of a gap up, perhaps I am choosing the wrong stocks. Great podcast again. thank you 🙂

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-1122 Fri, 23 Feb 2018 16:42:19 +0000 http://www.steadytrade.com/?p=704#comment-1122 In reply to Adam Sherwood-Pearce.

Great to hear Adam, in my opinion yes you should be focusing on stocks closing strong, since you are under the PDT its best to try and focus on overnight plays. Check out the podcast with Roland Wolf, he discusses this is what he did early on. Thanks for listening!

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-1121 Fri, 23 Feb 2018 16:40:39 +0000 http://www.steadytrade.com/?p=704#comment-1121 In reply to Adam Sherwood-Pearce.

Well obviously I’m a little biased, but STT is the best paper trading setup IMHO, we use real time data so its as real as it gets. We have a sale right now, check out: http://stockstotrade.com/presidents-day-sale/ and thanks for listening!

]]> By: Adam Sherwood-Pearce https://www.steadytrade.com/pattern-day-trader-rule/#comment-1120 Fri, 23 Feb 2018 15:58:32 +0000 http://www.steadytrade.com/?p=704#comment-1120 Hi Guys,

1 point I am a bit confused on. Tim you give a great breakdown on what you should do with a 0-500 account.
52 week highs
Trade that console high
Big gainers at market open
Spike early
Side ways through out the day
Over night trade (it is this part I am confused about, as you say not to trade at market open as it will use up my day trades, so are you saying buy in the evening as the trek shows a spike and then sell at market open.)
I am a bit confused, but this video has cleared so much up for me

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-985 Mon, 12 Feb 2018 15:06:39 +0000 http://www.steadytrade.com/?p=704#comment-985 In reply to GARY NICOL.

THanks for listening Gary!

]]> By: GARY NICOL https://www.steadytrade.com/pattern-day-trader-rule/#comment-971 Sun, 11 Feb 2018 14:15:46 +0000 http://www.steadytrade.com/?p=704#comment-971 Fun way to learn and always makes me laugh.
Great Job guys!
Looking forward to the next one.

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-958 Fri, 09 Feb 2018 13:17:55 +0000 http://www.steadytrade.com/?p=704#comment-958 In reply to Simon aka Simbo.

Awesome, thanks for listening Simon!

]]> By: Simon aka Simbo https://www.steadytrade.com/pattern-day-trader-rule/#comment-957 Fri, 09 Feb 2018 05:58:31 +0000 http://www.steadytrade.com/?p=704#comment-957 I’m dying of laughter! You guys rule!

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-956 Thu, 08 Feb 2018 21:17:34 +0000 http://www.steadytrade.com/?p=704#comment-956 In reply to K Mahaffey.

Thanks!

]]> By: K Mahaffey https://www.steadytrade.com/pattern-day-trader-rule/#comment-955 Thu, 08 Feb 2018 19:56:25 +0000 http://www.steadytrade.com/?p=704#comment-955 This was a tad interesting. I do appreciate the novelty on occasion and the neo trader that Steven represents in many of us. Thank you Tim for leveling it out. Always appreciate your rooting back to what works.

]]> By: Michael Takacs https://www.steadytrade.com/pattern-day-trader-rule/#comment-948 Wed, 07 Feb 2018 10:48:12 +0000 http://www.steadytrade.com/?p=704#comment-948 Hi guys, I always think you guys do a great job mixing in the serious messages with a bit of fun as well.
For myself who is about to start on my trading journey as much info and advice as possible is always great and you always mange to get the message across in a clear way with the humour thrown in for good value.
You may not remember me but I sent a message last week about the frustration of trying to find a US broker for opening up a small account. The Tim Sykes admin team came back to me with AllianceTrader which although is offshore apparently are pretty good. However I also got a message back from TradeStation who do take UK citizens and can also open up an account with as little as $1k.
So I have a decision to make to go with one or the other or maybe both but at least I know I can go ahead with my plans to start trading in March.
Do you guys have any advice about TradeStation? I looked online and they have received good reviews for executions which is all I really need as I will be registering to use the STT software this month 🙂
Many thanks for the great podcast again guys, always an enjoyable listen.
Mick

]]> By: DIANE DAVID https://www.steadytrade.com/pattern-day-trader-rule/#comment-946 Tue, 06 Feb 2018 19:43:06 +0000 http://www.steadytrade.com/?p=704#comment-946 You guys are too funny!!! Oh, and Two Shay as well! Thanks. Some good advice here.

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-944 Tue, 06 Feb 2018 13:54:40 +0000 http://www.steadytrade.com/?p=704#comment-944 In reply to Soufou.

Sorry you feel that way Soufou! What would you like to hear more of? We want to always be improving. Thanks!

]]> By: Tim Bohen https://www.steadytrade.com/pattern-day-trader-rule/#comment-943 Tue, 06 Feb 2018 12:29:25 +0000 http://www.steadytrade.com/?p=704#comment-943 In reply to Joe Zinser.

Thanks Joe!

]]> By: Joe Zinser https://www.steadytrade.com/pattern-day-trader-rule/#comment-942 Tue, 06 Feb 2018 12:26:41 +0000 http://www.steadytrade.com/?p=704#comment-942 Great job again guys! Tim I think your one statement here that sunk in was this.
“Your job is to take gains”
Tim Bohen,

I woke up with that thought in my mind today. Simple right?

]]> By: Soufou https://www.steadytrade.com/pattern-day-trader-rule/#comment-938 Tue, 06 Feb 2018 03:23:14 +0000 http://www.steadytrade.com/?p=704#comment-938 Worst episode ever. What a waste of time. This video is a joke..
For a min there I thought it was a scam vid.
Couldn’t get pass the first 5min. F..k
I’m out thanks but no thanks

]]> By: Mary Beth https://www.steadytrade.com/pattern-day-trader-rule/#comment-937 Tue, 06 Feb 2018 01:19:37 +0000 http://www.steadytrade.com/?p=704#comment-937 You can use all you want overnight swing, but only 3 a week within the day…right? Haven’t heard a good explanation of if or how we can combine swing/ with 3 day trades PDT rule.

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