In 2004 there was no way to ignore the entire marketing campaigns of Halo. The market today is flooded with so many games and rip offs of games that you don't even know where to look anymore and companies don't make as big of a push on marketing because their eggs are not all in on a single game anymore.
A bit doomsday but it gets the message across.
Fidelity has a great article with scenarios to explain how someone could violate rules with a cash account. I highly recommend a read of this before trying to day trade.
The one that stood out to me was:
According to industry standards, most securities have a settlement date that occurs on trade date plus 1 business days (T+1). That means that if you buy a stock on a Monday, settlement date would be Tuesday.
Now that we know about settlement timelines we can look at a typical example:
Good faith violation example, Trudy:
At this point, Trudy has not incurred a good faith violation because she had sufficient settled funds to pay for the purchase of XYZ stock at the time of the purchase. However:
Consequences: If you incur three good faith violations in a 12-month period in a cash account, your brokerage firm will restrict your account. This means you will only be able to buy securities if you have sufficient settled cash in the account prior to placing a trade. This restriction will be effective for 90 calendar days.
1. Small and long body candles
2. (Hammer) Long candlesticks pushing up, bullish. Close at the high, which means incredible strength.
3. (Hanging Man) - Open high, closed low.
4. (Gravestone) -
5. (Dogi) -
20: min
Candle over Candle Pattern: (2 candles)
Bigger candles display larger emotion.
