Several years ago when I pursued a graduate degree in Counseling, most of my professors stressed the importance of “self-care”.
Students were told as Clinicians; you needed to take care of yourself before making any attempts to assist others.
It was so fundamental to the therapeutic field that I had to once write a 10-page paper, describing why “self-care” was important and ways in which I managed to care for myself. Without going in depth, in essence, the argument is...
This has to be a personal choice but I do have my opinions. I always have opinions. Some profoundly sound; others “rubbish” nonsense.
To be clear; PDT was never an issue for me as my account stays above the required 25K.
With all of that said, this is an ongoing issue in the trading community. You don’t have to venture far to realize many traders are beyond frustrated with this government-implemented rule. Click here for a thorough explanation.
This is yet another blog to reinforce the discipline that’s needed to succeed in the stock market. It’s also a stark lesson for many new and seasoned traders to understand that the Market-on a short term basis- is uncertain.