I have had many questions through comments and emails.
I think I have answered most of them but I get the similar questions time to time from newbies.
I will use this post as a reference so that anyone could comeback to this find the answer to your question.

I will make this as a page and will be available on the menu bar after today.
And will add more Q&A going forward.

Q: Wash Sale - Any disadvantage, penalty or concern
A: You can find what it is from this link  Opinion: Opinion: The wash-sale rule is a nasty little piece of tax code. But my answer to this question is "Not worth your time for you to concern. Save your time and focus on making money instead.". Potential disadvantage on your Tax allowance is most likely very limited against your potential gain throughout the year.

Q: Day Trading - Pattern Day Trading Rule
A: Simply speaking, you must maintain your balance minimum $25k at all time prior to day trade. If your balance goes below $25k and you are a pattern day trader, you need to deposit in 5 business days to maintain over $25k again. Most attractive advantage being a patter day trader: Your buying power will be x4. Normal margin account: your buying power would be Cash + 1x Margin. But for a patter day trading account, Cash + 3x Margin. If you have $30k Cash, your total buying power would be $120k.

Q: Your goal is to make 1% a week but what is the system's average weekly return%?
A: Compounding weekly return averages are P Flag 2.7%, R Flag 2.5% since July 25, 2018.

Q: I am a newbie and have no idea where to start.
A:

  1. Please read a manual first. Click on "SVM System Manual" at the menu bar
  2. Please read testimonials at LRHR Forum
  3. Try to make yourself comfortable here, looking around, asking questions and practice for a couple days before jump in.
  4. Try LRHR Search before asking, it will search the entire blog including comments.
  5. Have fun~