Conversation

Trading tip for new traders on margin. Never be making good $ on a trade and then foolishly lose it back because you can't take the profit. NEVER MAKE A TRADE IF YOU CAN'T GET OUT OF AS A DAY TRADE. IF YOU MAKE TRADES THAT YOU CAN'T GET OUT OF THAT DAY. THAT WILL COST YOU $.

1:49 PM · Feb 6, 2022Twitter Web App

Replying to

and

Amen. My #1 rule when entering a trade

Replying to

and

Thanks for walking new traders with baby steps the real learners will benefit a lot that too on sunday morning you r great

Replying to

and

So true!

Replying to

and

A cash account is the way to go if someone has less than $25k!!

crunchwrapsupremenobeef

Replying to

and

tip in case any options traders do get stuck in a position overnight under PDT: can “take profit” in a way by simply hedging by selling contracts at a further away strike. that way you have both long and short exposure and can close out both next morning.

crunchwrapsupremenobeef

Replying to

and

(ofc not getting stuck overnight in the first place is preferable)