halt by daytrading rules
- Thread starter tra2bfree
- Start date
Or trade futures/forex. Both are highly leveraged so do your homework.
How long is your account suspended? Last time I checked it was 3 months.
Quote from tra2bfree:
Just getting starting with trading, duriing get unto i got halted, by the daytrading rule, so I'm going to ask the old-age question
where can I trade with out this rule. please help.
call your broker and you will get the info directly from the source,rather some random guesses from public forum. the problem is that the rules may vary from firm to firm. cause they have their own policies on top of PDT. the easiest way out-transfer more money. >25K and it should be unblocked right away.
The question isn't where to trade without the rule (maybe outside the US?), it's how to trade with the rule. It's a dumb rule but if you are losing money day trading, then you shouldn't be day trading. Trade a longer time frame. If you continue to lose, then at least you may lose your money slower.
