Monday 1/12 DRI, BIIB, ADM

This is what I get for waking up a few minutes late. I'm going to put some time orders on my stops from now on.


Anway, ADM is falling nicely today.
I also shorted DRI, but that's all I can do today. I can't use any of the money from the BIIB sale because of some FINRA regulation saying I can't use funds from the liquidation of an overnight position until the next day.

I'm so sick of all these stupid regulations about day trading. The people who lose all their money day trading will just lose all their money swing trading, but it will just take a little bit longer. If anything the regulations put smaller investors and traders at risk since it makes it difficult to manage or create positions.

Of course those regulations don't apply if I trade options in a cash account, or futures, or currency. So the assets with the least leverage get the most regulations, while the fast-moving, highly leveraged products are fine for day-trading.