Bye, bye, PDT!!!! (Again)

Back in November, I wrote about how I finally overcame the limitations of the pattern day trader rule in my Interactive Brokers account.  However, I was still limited by the PDT in my Speedtrader account (which partly influenced my horrible trading decision and loss in December...I didn't want to use up a day trade).

Well, that limitation is no more.

I made enough money on this month's MCP short and MCP puts to put me at about $59K in my two trading accounts combined.   So I moved $24K into Speed (already had about $4K there), so now I have about $29K in each account.

This was the next big milestone in my trading journey and it feels great to get over that PDT hump again!  Now I'm no longer worried about missing trades or being afraid to take a loss because of the PDT in either account.  And now if Speed has borrows for something, I can freely trade it if I wish.

This will also dramatically speed up my progress.  My Interactive Brokers account has been growing much faster since no longer being limited by the PDT.  Now that I'm over that hurdle in Speed, both accounts should now grow quickly (as long as I stick with my rules, that is).

Now the next major milestone...to reach the $100K mark.