If you own part of this through some of that but have at one time or another rented to someone or something that had a little of that but not this then you can get refunded only if the that that you had then was not the same as it was when the time was not as it is at the time of the purchase. But...if you never had that, by getting it before then you may be eligible for some if you didn't have to many.
One thing I noticed today while filling in every single trade I made in 2008 was that I could have done much better if I had been allowed to get out of bad trades right away. Of course I can, 3 times within five business days, but sometimes it's not enough. Not because I want to be a scalper do I disagree with this rule. (Exchange Rule 431) I've never really been any good at that, but the fact that I simply can't get out of a bad trade when they don't go my way. I still made money, as much at least, but lost more because I would get trapped until the next day. I don't understand the purpose this rule. Actually I understand the theory behind it, but it is wrong.
http://mysnowpro.com/jonathanlawson/2008/10/pattern_day_trading_rule_needs.php
Another view on the subject.
Thinking that I won't be able to lose all my money day trading is the idea. The reality is I can take huge losses if a negative piece of news, or a down grade comes out on a stock I own from that day. If I'm out of day trades, I suffer the losses. If I have 1,2 or 3 left, I have the agonizing decision to make of using one of the trades or taking the loss. Just the time it takes to make that decision can be expensive.
Sold out of SPY puts at open on Friday.
Going into Monday I am long NFLX and oil via UCO. Still short GIS.
Keeping it profitable by keeping it simple.
