Steps on how to avoid being a pattern day trader
There are so many services out there that are pump and dumps that promises the riches that you dream of, but never deliver on. I see so many services out there that pump their offerings saying that you can turn $50,000 to $225,000 in one year, or how all these self-made millionaires that started with pennies from trading are now offering a product to you and sharing their 'secrets' for the 'first time'.
Sounds familiar doesn't it.
There is also another highly popular trend out there, that is blowing up accounts by the minute, and that is prop firms that offer people with accounts under $25,000 a way to avoid pattern day-trading requirements by becoming a member of their prop firm and leveraging your account by ten times the original amount.
The lunacy of these prop firms and what they promise is just another way to not offer a service, but to take your accounts. They take it through commissions, and the ultimate realization that you'll ultimately blow up your account and not be around any longer to trade. But in the process, they are going to to absorb as much of your account into their pocket book.
Avoid the pump and dump prop firms that will only take everything you have ever made from trading
Ask yourself this...how many 'self-made millionaires' have you ever met or heard of that started trading successfully through a prop firm? There is none, because those who looking to join a prop firm are skipping some of the most formative years of their trading education by taking a short-cut into the empty promises and guaranteed doom of prop firm trading.
Personally, I think the pattern day trading rule is another example of how the government thinks it is looking out for the little guy by restricting his ability to trade. Well that little guy is also not allowed in hedge funds either. Ultimately, they should be allowed to do with their money what they want, and not have restrictions placed on it by the government simply because they don't pass a dollar threshold.
So what I offer at SharePlanner is completely different from the prop firms and pump and dump trading services and instead, provide a way to build your account by trading in the Splash Zone and building your account steadily year-after-year. I'm not trying to make 500% gains on individual trades in the swing-trading system, but I am looking at providing a means for individuals to build their trading account the right way, and in a way, that will keep risk to a minimum while consistently booking profit from the market with gains that are both big and small. We have losers, but the losses are kept at a minimum, usually 2-3% per trade an no more, while our winners are usually twice the amount of that, and we hold them at a minimum of 2-3 days which allows you to not worry about being flagged as a pattern day trader.
We also offer day-trading under the same roof as our swing-trading, so while the SEC does allow for you to make 3 trades in a five day period, you'll be able to do the same by trading in the Splash Zone with Brian Cauthen's day trades that he makes live via streaming his trading desktop.
As for the swing-trades, I text and email them out, each and everyone of them, and I'll teach you how to manage each every trade that I make and booking gains that will allow for you to profit well beyond the cost of the Splash Zone platform costs.
So what are you waiting for, Try our free 7-day trial of the Splash Zone