Ask Your Questions!

[BDOUGL3 0]

Andrew, I am confused on the 25,000 minimum rule. Say if I were to put 30k in a account, would I be able to trade 30k as long as the net amount stays above 25k? Or would I only be able to trade 5k as long as the net stays above 25k?

[Robert H 455]

Andrew, I am confused on the 25,000 minimum rule. Say if I were to put 30k in a account, would I be able to trade 30k as long as the net amount stays above 25k? Or would I only be able to trade 5k as long as the net stays above 25k

 

As long as you have $25k or more there are no limitations on trading. You can trade with your entire account. In other words, it is the first of your two alternatives: able to trade 30k as long as the net amount stays above 25k.

 

Here is a useful article which provides examples.

[Leland 1]

Hey Andrew,

 

Do you have more than one position open at a time while day trading?  If I become consistently profitable for a month do you think it is unwise to go live prior to the end of the 3 month demo period?

[Louis B 4]

Hey Andrew..

 

Does LOD and HOD in premarket count as that into the regular trading day? i thought they did, and im pretty sure they do, but someone in the room today said LOD and HOD, in premarket, dont count into the regular trading day

[Robert H 455]

Does LOD and HOD in premarket count as that into the regular trading day? i thought they did, and im pretty sure they do, but someone in the room today said LOD and HOD, in premarket, dont count into the regular trading day

 

After 9:30 AM the Montage will show HOD and LOD for regular market hours. This is why we mark the pre-market high and low manually on the chart.

[Robert H 455]

Do you have more than one position open at a time while day trading? If I become consistently profitable for a month do you think it is unwise to go live prior to the end of the 3 month demo period?

 

Andrew will sometimes be in two--even three--positions at once. I wouldn't recommend it as a beginner since managing a single trade properly requires significant experience.

 

We recommend at least 3-months of simulator before going live. Your technical skills need to be on point as trading real money will be a test of your psychology--which simulator does not do. There are countless stories of people rushing into live after gaining false confidence from making money in simulator. Nearly all of them end badly.

[Louis B 4]

thats what i thought... so this person saying 'it means nothing' is incorrect?