[Soultrader]

How many roundtrip trades do you all make a day on average?

[TinGull]

50 billion!!!! For me, I'm lucky to make 3. Its not 'cause I'm so picky, but more so because I hesitate. I'm working on it though...

[MrPaul]

I would say I make 1-3 RT trades a day. If my first one is a biggie (+3 ER2 points per contract), I just take that and close down my platform for the day.

[Robert2617]

On average, not even one. I'm just learning. I've been using ScotTrade but just got approved by TS to get going on their platform. I'm sure I will trade more but I have to watch out not to do 4 round trips within a five day period.

Pattern Day Trading Accounts: Based on NASD and NYSE day trading rules, any account that places 4 day-trades in a 5 trading day period is permanently deemed to be a “Pattern Day Trading� account. Pattern Day Trading Accounts must maintain a minimum daily equity balance of US $25,000. If the account balance falls below $25,000, trading is restricted to closing transactions only until the account balance is increased to $25,000.

I don't have that much money, yet. My plan is to learn the ropes while I slowly build up my account. I've had some luck trading and have a better than average understanding of what's going on but still have a long way to go.

My first goal is to learn to choose winning trades consistantly with 100-300 shares or so with stocks from $2-$10. Next would be to average more than 5000 shares traded in a 1 month period so that the TS platform fees would be eliminated.

If I can get over those hurdles, I should be able to build my account up pretty quick and will jump in with both feet. My focus now is carefully learning as much as I can and have successful trades. Once I able to do that I will worry about the money.

[MrPaul]

Originally Posted by Robert2617 »

On average, not even one. I'm just learning. I've been using ScotTrade but just got approved by TS to get going on their platform. I'm sure I will trade more but I have to watch out not to do 4 round trips within a five day period.



I don't have that much money, yet. My plan is to learn the ropes while I slowly build up my account. I've had some luck trading and have a better than average understanding of what's going on but still have a long way to go.

My first goal is to learn to choose winning trades consistantly with 100-300 shares or so with stocks from $2-$10. Next would be to average more than 5000 shares traded in a 1 month period so that the TS platform fees would be eliminated.

If I can get over those hurdles, I should be able to build my account up pretty quick and will jump in with both feet. My focus now is carefully learning as much as I can and have successful trades. Once I able to do that I will worry about the money.

Welcome to the forums Robert!

You know, if you trade emini's there is no pattern day trader regulations? they also have better tax treatment than equities.

Something to look into if you are interested...

If you have any questions feel free to ask, everyone is here to help

[Robert2617]

Hmm, that sounds good. I will definately consider that. You've peaked my interest. Thanks...

I guess I need to go investigate.

[TinGull]

True, in the US commodities traders are taxed a blended 23% or so instead of 35% for equities traders.

[Robert2617]

Could you tell me a little about them. I've only ever traded stocks so I know absolutely nothing about them. I'm finding out that the trading universe is HUGE. Every time I learn something, it leads to something else. A vicious, wonderful cycle.

::EDIT:: OK, Now I have found the EMini forum! that should get me on the right tract.