What first rules should new crypto traders learn to stay safe?

"A ``pattern day trader'' means any customer who executes four or more day trades within five business days."

"A customer will not be considered a pattern day trader if the number of day trades is 6% or less of their total trades for a five business-day period."

"Minimum equity of $25,000 is required for the account of the customer deemed to be a pattern day trader, which must be deposited into the account before the customer may continue day trading, and which must be maintained in the account at all times."

"Further, the special requirements prohibit pattern day traders from trading in excess of their ``day-trading buying power.''"

"If a pattern day trader fails to meet a special maintenance margin call within five business days from the date the margin deficiency occurs, they are permitted to execute transactions only on a cash available basis for 90 days or until the special maintenance margin call is met."

"Minimum equity of $25,000 is required for the account of a customer deemed to be a pattern day trader."

"The rule prohibits pattern day traders from trading in excess of their ``day-trading buying power,'' as defined under the rule."

"Pattern day traders who fail to meet their special maintenance margin calls as required within five business days from the date the margin deficiency occurs are permitted to execute transactions only on a cash available basis for 90 days or until the special maintenance margin call is met."

"funds deposited into a pattern day trader's account to meet the minimum equity or maintenance margin requirements of paragraph (f)(8)(B) of the rule cannot be withdrawn for a minimum of two business days following the close of business on the day of deposit."

"Under the current rule, if the customer's number of day trades is six percent or less of their total trades for a five-business day period, the customer will not be considered a pattern day trader."

"most-active traders vs the market: 11.4% vs 17.9% annually (Barber & Odean, 2000)"

"Most importantly, our findings clearly indicate that diversification also across CCs is beneficial. At the same time, investors could diversify too much."

"investors are roughly 50% more likely to realize a winning position than a losing one, holding losers too long (Odean, 1998)"

"We show that purely risk-minimizing investors will optimally choose to mostly forego CC investment; however, for investors with higher target returns their addition seriously expands the efficient frontier."

"CFDs and forex are complex instruments with a high risk of losing money rapidly due to leverage. "

"For instance, the MD strategy shows excellent performance without liqudity constraints (+175%), yet the application of LIBRO pushes final CW below initial wealth (−14%)."

"You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."

"fewer than 1% of day traders were able to predictably and reliably earn net profits after fees"

"Most importantly, returns of broad CC portfolios that are calculated without accounting for liquidity remain virtual: they cannot be realized by professional investors."

"US fund investors earned about 1.1 percentage points per year less than the funds they held, purely from timing of entries and exits (Morningstar Mind the Gap, 2024)."