The reason why I think having a cash account and using that to make money is better than having over $25,000 and being able to make unlimited trades is because most traders can't handle unlimited trades
They over trade. Buy too many stocks. Still buy on bad days because they can
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I was at $25,000 and did just that. I jumped in a trade just because I could. And it tanked heavily. I jumped in after the spike taking me down to $6100. I've been slowly working my way back up. I learned a lot on this loss. Enough to where in cautiously making money.
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exactly my story too! down from 150k to 24k... but it is what it is...
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For me Ameritrade/TOS and IB.
I think are best for long trading.
But you have to use what you like best and feel confident with.
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Yep! I did that. Was trying to build to 25k. What’s a cash account?
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“Missed money is better than lost money” in big bold letters on my computer 🦾
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