Wave Chasing

Yeah, had one of those “I am a moron” moments this evening.

I’ve been trying to avoid going into pattern day trading status.  Why?  Because I’d managed to completely misinterpret it – every time I read it, I kept thinking it would make it more difficult to trade, but it actually wouldn’t.  I meet the equity requirements on it, and rarely use margin anymore, other than using it in lieu of restricted cash in the other accounts.

So, I guess it’s not really an issue after all.  Just gotta keep an eye on the IRA accounts, cause they can’t go margin, which is a requirement.