if i sell today then i get hit with the pattern day trader rule so i cant sell till tomorrow.. It just makes me so mad I wanted to sell around 95.5 today but couldnt. Hoping it stays near these levels in premarket tomorrow.
It really makes no sense why I am not allowed to trade more then 3 times in a 5 day period.
bought at 94.02 today... aapl is red but im super green in my trade.
only scary thing is that i cannot sell this stock till at least tomorrow... but a 1.5% discount in premarket was too good to pass up.
this is all 1 order... for some reason it took 3 buys to purchase.... i only paid one commission though.
AAPL - 06:53:42
Bought 49s @ $94.02 - Total: $4,606.98
AAPL - 06:53:40
Bought 400s @ $94.02 - Total: $37,608.00
AAPL - 06:52:44
Bought 1s @ $94.02 - Total: $101.02
0 Roundtrips until PDT Threshold
Scottrade does not promote day trading.
aapl has had a great run. Dont be greedy. The market is toppy and ready to go down... Im out of all stocks as of yesterday.
sold this morning premarket at 96.25 then watched it shoot straight up to nealy 97.. I watched it fall I rebought at 95 but I bought too soon... I watched it then go to the high 93s... then as soon as it hit 95 again i waited a bit more and then sold for a small profit at 95.22.
FIrst time in a long time that i was able to sell before a massive drop.. problem is that i bought back too soon but thankfully aapl rebounded a bit for me to get a little profit.
Not sure if im going to touch aapl stock for a little bit.. i am out of daytrades... i get 2 more on monday and 1 more next tuesday. The PDT rule really stinks and I sometimes want to buy aapl when i have 0 daytrades left but once i buy and i have 0 daytrades i have to hold even if the stock crashes... if we see the low to mid 94s or lower i may buy again though
AAPL is sitting on all time highs when you factor in the dividends. I am very cautious here.. The entire market is tippy.. yes aapl is undervalued and cheap as F*** but if the market corrects 10-20 percent in the near term it will take aapl for the ride and i dont want to be in when that happens...
I rode last time from 700s to 300s... never again... better to be more cautious and miss out on some gains then to hold on at all time highs and watch my money vanish.
I lost more then half my account and then made it back but it was over a year and a half i was underwater aapl stock.. never again.
you never go broke taking a profit...
taking a profit then watching the stock rise is a terrible feeling though. I sold everything at 93.68 today.. hoping for another red day tomorrow then i can buy
I sold at 93.68. otherwise if it keeps going straight up then good for the longs but its too risky here, i dont want to be caught in another downdraft to the low 90s again
these last few weeks have been very painful for me since i am 100% in aapl stock. Now we resume back up... when aapl hits 95 again i think maybe i will take some off the table and get off margin perhaps
i could have made a #$%$ ton of money though.... oh well profit is profit... and stuff like this im in and out quick... i dont usually hold ipos very long way too risky... but with great risk great reward... if i would have held and not sold i would be down over 1000 dollars so im happy with my little profit.
i bought go pro stock for 38.80 and sold 3 minutes later for 39.5 I made 300 dollars in 3 minutes. Buying and holding can be stupid... I bought aapl in the mid 600s and held and watched it go all the way to the 300s and just now about a month ago i broke even.
never again.. i would have sold aapl at about 85 that was my lowest point.. thankfully it hit the low 89s and sprung back up.
I kept telling myself its going to recover and didnt think it would go down 50% i was wrong.. never again.. i blew up my account.. and now i have the money back... im being more careful now...
buying and holding can be dangerous in any stock.. im holding aapl now, but these are trading shares... im not holding for years.. if i see a major downtrend im out.. better to leave the table with a broken arm then a broken neck
the stock didnt go below the point cramer said to sell it at.. it seems cramer has amnesia because he didnt mention that ever again that he told everyone to sell at 604
how does this clown still have a tv show? He told everyone to buy aapl in 2012 at 700 as well.. told people to sell at the bottom when it was 300s.
same thing with amazon as with go pro.. i saw the stock going straight up after they announced the phone.. so i bought some shares held for an hour and made 500 bucks but there is no way in hell i would ever hold amazon overnight.
THe thing is that these rules make no sense at all. Oh well, it is what it is... since i used up 2 day trades today im out of trades.. i think i should get another one monday or tuesday but these 2 i wont get till next friday.
I just hate when i see an opportunity *like a stock that is going straight up* to get in and ride it for a few minutes and i cant.
its total bull. often times i am forced to hold on to a stock overnight. When a stock is going up thats okay, but when a stock starts to go down then i cant sell.. example... im in aapl now... i cannot sell. If apple crashed right now i couldnt get out.
I just dont see how this helps investors by forcing them to make decisions that will be more risky.
Another example.. say i want to trade aapl.... i have to buy my entire position at once or else if i scale in then if i have 2 buys and one sell that counts as 2 sells.
Im not an idiot i wont trade 100 times a day just because i can but i would like to be able to trade more often. So many times i could have gone in and out of stocks to make some money... my go pro example... i was in and out in 3 minutes.. it was worth it to me because i made 300 dollars. Now i wont get that daytrade slot back for 5 days. After i sold go pro i watched it go up and down i probably could have made more money today but beacuse of some idiot rule i cant and theres no way i would buy gopro today because i would be forced to hold it overnight ..
Forcing people to hold positions overnight is MORE RISKY then going in and out for a quick trade. Government doesnt give a damn about the little guy.
held for about 3 minutes. i woke up late today, kicking myself for not buying earlier... Im not holding this stock though, not now anyways... just trade. Well all my daytrades are gone so cant trade anymore today because my account is less then 25k ...
I hate it. It really limits my trading.. for example... i sold all of my aapl shares at 91.6 then bought and sold gopro stock... bought 38.8 sold 3 minutes later at 39.5.. then i rebought aapl at 91.6... i am now out of daytrades that means i am stuck in the aapl stock. Which is fine... but its a really dumb law and it often times causes me to loose money or not be able to trade..
the go pro example above worked today... however i wanted to trade that stock yesterday but i couldnt because i didnt have any daytrades left... also it forces me to make bigger bets as i cannot scale in a position for a daytrade, i have to buy all at once if im doing a daytrade because if you scale in for a daytrade and you sell then each buy you had then counts as a sale. example buy twice sold everything then that is 2 sales.
I had my account turned into a cash account for 90 days because of that... it was about 2 years ago and a cash account is horrible you have to wait 3 days every time you trade.
My point is that these laws actually hurt investors.... i have often times stayed in a losing position because if i would have sold on a certain day my account would have too many daytrades..
yes a bit offtopic and maybe no one will even read this, this board is full of pumpers shorts and weirdos... im looking at you sheepskinner who posts at all hours of the day several posts a day.. either you are paid and/or you have no life.
well im glad aapl is doing good this morning hope to see a close in the mid 91s or maybe even higher :)
pos stock. almost would have been better if today was a red day then it would be green tomorrow for sure but now that its had a green day it can start crashing again.. what a pos company