IG Disagrees With Pattern Day Trading Rules
- Thread starter ETJ
- Start date
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GOOG notes only in US.
And does not apply to Forex, amen Argentina peso needs all the help it can get
I can find a better way to help Argentina than forex 4x + PDT
To protect you and curb excess risk from the wild day traders. Remember the volatility we encountered during Dotcom? No more excessive risk, no Yolos, no 0DTE options.
Mission Accomplished, no stocks like TOP, HUDI HKD going up 100x!
“Why does PDT rule exist?
The pattern day trader rule was put in place by FINRA to protect traders with leveraged accounts. It's intended to safeguard against traders being over-leveraged, which is useful to new and less-experienced traders since leveraged trades can run up huge losses very quickly”.
Nadex
That doesn't answer my question about the rule applying anywhere else in the world.
It doesn't apply in Canada except if you are trading with IB.
I'm always suspicious when some regulator is looking after me. I suspect there are other reasons besides my welfare for the rule. Probably to protect FINRA members from having to go after traders who lost more than their account values or to prevent lawsuits that claim they knew traders were stupid and took advantage of them.
Big Brother is looking after you!!
I alway’s hated the PDT rule, to this day, I don’t know how it has helped anyone avoid loss.That doesn't answer my question about the rule applying anywhere else in the world.
It doesn't apply in Canada except if you are trading with IB.
I'm always suspicious when some regulator is looking after me. I suspect there are other reasons besides my welfare for the rule. Probably to protect FINRA members from having to go after traders who lost more than their account values or to prevent lawsuits that claim they knew traders were stupid and took advantage of them.
Big Brother is looking after you!!