Does the PDT rule still exist?

newestmember · Jan 23, 2005

I remember in September 2001 when that rule was passed, disallowing daytrading in accounts with less than $25,000. Is this rule still in effect?

Are there any plans to scrap the rule, or is it going to be there for a long long time?

Rod Shaft · Jan 23, 2005

It stills exists... and it still sucks

NoMoreOptions · Jan 23, 2005

Hell, yes. It's interesting that the option industry likes it very dearly.

Gordon Gekko · Jan 23, 2005

anyone associated with enacting the PDT rule should be kicked out of the country and have their USA citizenship revoked.

newestmember · Feb 2, 2006

Are there any plans to scrap the rule, or is it going to be there for a long long time?

EdgeHunter · Feb 2, 2006

Quote from Rod Shaft:

It stills exists... and it still sucks

I second, third, fourth and fifth that...

:mad:

cj....

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version77 · Feb 3, 2006

Quote from newestmember:

Are there any plans to scrap the rule, or is it going to be there for a long long time?

Scrap the rule? If anything they would probably up it to 50K...

dont · Feb 3, 2006

Whats the big issue why this rule?

I remember the first time I tried IB I put 10K in my account.

And just to see how the statements etc worked I bought some MSFT and then immediately sold them. I get a message that I am a PDT so your account has be locked (or something can't remember)