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Lottery Vs Day-Trader Pattern Rule

Lottery Vs Day-Trader Pattern Rule

FromSwing Trading the Stock Market


Lottery Vs Day-Trader Pattern Rule

FromSwing Trading the Stock Market

ratings:
Length:
18 minutes
Released:
Oct 24, 2019
Format:
Podcast episode

Description

Are you familiar with the Pattern Day-Trader Rule? Essentially, if you have less than $25,000 in your account, you cannot place more than three day-trades within a five business day period before you lose the right to open and close a stock on the same day. It is done under the guise of looking out for the little guy, but on the same note, governments across the country run the lottery system (i.e. Powerball, scratch off tickets, etc) that is primarily a tax on the financially hopeless and low income earners. So how can the government impose a day-trader pattern rule because they care about the small guy, but also run a lottery system that is designed to tax the low income earner? Listen to my podcast to find out more.
Be sure to check out my Swing-Trading offering through Patreon that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists and regular updates on the most popular stocks, including FAANG stocks, Microsoft and Tesla. This is provided each and every week! Check it out now at: www.swingtradingthestockmarket.com
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*Disclaimer: Ryan Mallory is not a financial adviser and this video is for entertainment purposes only. Consult your financial adviser before making any decisions.*

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Released:
Oct 24, 2019
Format:
Podcast episode

Titles in the series (100)

Welcome to the Swing-Trading Podcast! I want you to become a better trader, and you know what? You absolutely can! Commit these three rules to memory and to your trading: #1: Manage the RISK ALWAYS! #2: Keep the Losses Small #3: Do #1 & #2 and the profits will take care of themselves. That's right, successful swing-trading or any kind of trading is about managing the risk, and with the Swing-Trading podcast I will cover a new aspect of successful trading that is necessary for you to realize your full potential as a trader each week. I encourage you as well to reach out to me in the comments or ask me any question that you might have either in the comments or by email: ryan@shareplanner.com Enjoy the podcast! Support this podcast: https://anchor.fm/swingtrading/support