GOOGL--
NVDA--
SPY--
quick trading tip pdt rule simulated trades
quick trading tip
before the new PDT rule started, I practiced for 3 weeks doing quick pretend trades using the RH watchlist. I didn't trade real money, just clicked sell buttons on my phone or computer to simulate trades. I kept my SPY and big stocks like $NVDA, $GOOGL, $MSFT with zero dtes. Every day was a win, even on slower days. Overall, I did better than expected so I was happy. Then the rule came into effect...
Day 1: No PDT - I was flawless, no losses.
Day 2: Made a few bucks but not much, some losses to balance it out.
Day 3 (today): Lost everything by noon, so I called it quits, but couldn't resist the SPY dip and it turned out to be a win. Still down for the day though.
My losses today aren't from making tons of bad trades, but I keep getting stuck in them. When I was pretending, I didn't realize that selling orders might not fill right away. Today, my losses are 2, 3, or 4 times what I planned because I wait for orders to fill. Is there a trick to getting orders to fill faster, or is this just something I have to accept with this trading style? I'm going in and out of trades super fast, sometimes selling within a few seconds after buying.
before the new PDT rule started, I practiced for 3 weeks doing quick pretend trades using the RH watchlist. I didn't trade real money, just clicked sell buttons on my phone or computer to simulate trades. I kept my SPY and big stocks like $NVDA, $GOOGL, $MSFT with zero dtes. Every day was a win, even on slower days. Overall, I did better than expected so I was happy. Then the rule came into effect...
Day 1: No PDT - I was flawless, no losses.
Day 2: Made a few bucks but not much, some losses to balance it out.
Day 3 (today): Lost everything by noon, so I called it quits, but couldn't resist the SPY dip and it turned out to be a win. Still down for the day though.
My losses today aren't from making tons of bad trades, but I keep getting stuck in them. When I was pretending, I didn't realize that selling orders might not fill right away. Today, my losses are 2, 3, or 4 times what I planned because I wait for orders to fill. Is there a trick to getting orders to fill faster, or is this just something I have to accept with this trading style? I'm going in and out of trades super fast, sometimes selling within a few seconds after buying.
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