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IB look set to move their London office, eliminating the PDT rule for UK and EU clients. See link for full details but from FAQ, Q: Will I be subject to the U.S. Pattern Day Trading Rule once my account is migrated? A: Accounts maintained with IBUK are subject to the U.S. Pattern Day Trading (PDT) rule as the accounts are introduced to and carried by IBL, a U.S. broker. The PDT rule restricts accounts with equity below USD 25,000 to no more than 3 Day Trades within any 5-business day period. As accounts migrated to IBLUX, IBIE or IBCE will not be introduced to IBL, they will not be subject to the PDT rule. But FAQ also say.. Q: What happens if IBKR does not receive the regulatory approval necessary to migrate accounts by December 31, 2020? A: IBLUX, while approved, it is subject to constraints on the permitted scale of its business and licensing for either IBIE or IBCE is therefore necessary to complete the migration prior to December 31, 2020. If a determination is made that neither will receive licensing in time, clients will be contacted with an explanation as to how their account will be treated at the end of the Brexit transition period. See here for full details. https://ibkr.info/en/article/3515?

Holy cow...OMG, the commission calculator spreadsheet - my inner math geek is about to take over and my afternoon is shot now! Thank you Abiel and BBT (and make sure to tell William thanks for a GREAT video and spreadsheet resource!)

Abiel - Awesome - well not really, but you're awesome answering all these questions so quickly - thank you!

My best and worst trades from October 14th, 2020

Anthony, I agree, it can be a humbling experience. It appears so easy. I mean, anyone can buy or sell a stock with just the click of a mouse button or hot key. But knowing what stock to buy and sell and when and how many shares, that's where it starts to get a bit more complicated. Also, once you really get into it, you start to see that there is so much more to it than meets the eye at first. Level 2, Volume Price Analysis (VPA), etc...I feel like for me right now, I just want to focus on learning the basics, coming up with a workable business plan and focus on the long-term. I mean, anybody could get lucky and hit a big trade and make a ton of money at once, but you could also loose a ton of money gambling this way. I want to learn a skill set that I will be able to use long-term (i.e. trade management, risking the right amount, trading a strategy/setup not just willy nilly taking trades on gut or my "instincts"-at least not at this point). If you just make a 1% return on your money each day on average, that is huge! For a $25K account that would only be $250 on average a day, but similar to compounding interest, it would become $1 million in fairly short order at that rate. That is my hope and dream, yes just a dream at this point, but I have hope. I am taking action to hopefully turn that dream into reality. What draws me to the idea of trading for a living is the freedom to not have to answer to a boss (other than the market, right lol?!), having more free time to spend with my family, having cash to do good in the world (i.e. serve and help others), and being able to be completly financially independent. If I can accomplish those goals through trading, then all the time and effort it takes to learn to trade successfully will have been worth it, even it if takes me many years. I mean think about it, imagine it takes 10 years then I finally learn to be a profitable trader. I say it would still be worth it! To me being a profitable trader means essentially the sky is the limit. If you can read the markets, you can see what direction it is going to take before it goes there, and you learn good trading habits like risk management, well, you will become a millionaire, it's just that simple. Not many people make it to millionare in their lifetimes, so even if I am 53 years old (10 years from now) before it finally all clicks and starts to come together for me, it will still be worth every cent and every bit of effort because I will then be a millionaire by the time I am 55 or 60, or whenever. The point is, if I even make it there at any age, then I am going to be doing much better than most people ever do in their entire life. Then I will be able to retire comfortably and leave my kids an inheritence, that is my vision and dream. That is what drives me to become a sucessful trader. All that being said, I am expecting and hoping to become profitable much sooner than 10 years. I am just simply saying worst case scenario, heck, even if it took my 10 freaking years, it would still be worth it lol! Anyway, enough rambling for now. This morning I am working on developing my Business Plan. I just got done wathcing the webinar by Mike B. called "Creating a Trading Business Plan" and I am now going to work on my personal Business Plan, set S.M.A.R.T. goals, etc...