Pattern Day Trading Rule, how to avoid

D

Diego443

Hey All,

I would say the PDT rule is one of the most hated things (After Martin Shkreli) for a trader. This is like learning learning how to play football but only allowed to touch the ball twice during a game...

I am currently IB customer and don't want to switch (I know Suretrader is not subject to PDT rule but I love IB's tired price structure). I am sure there must be a way to avoid this rule by let's say:

-Having someone that goes bail for me
-If you are foreign
-You show some real estate equite
- ....
- BUT NOT HAVING A 25K Account



Anyone any idea or knowledge how to deal with this **** SEC rule
 
I have spent the whole last year to learn stocks, now that I some some results I can't switch my whole trading and enter new waters...
 
I was kicking ass on Stocks when this surprised me, couldn't believe it wasn't a joke at first, I went Options for a while, during strong market = GREAT then over FX via Spot

I HATE this stupid rule!! :(
 
Turveyd said:
I was kicking ass on Stocks when this surprised me, couldn't believe it wasn't a joke at first, I went Options for a while, during strong market = GREAT then over FX via Spot

I HATE this stupid rule!! :(
More...


True words....true words..
 
Sadly, Futures/Spot or borrow/beg/steal to get to 25K+ are the only options.

Or...........

1. Always hold over night ( Gaps SUCK ass )
2. Swing trade ofcourse.
3. If you've got all your Daytrades lives used in the 5 day period, don't open new positions.

Or stick to 3 day trades per 5 day period.

I tried above, failed Gaps killed me!
 
Diego443 said:
Hey All,

I would say the PDT rule is one of the most hated things (After Martin Shkreli) for a trader. This is like learning learning how to play football but only allowed to touch the ball twice during a game...

I am currently IB customer and don't want to switch (I know Suretrader is not subject to PDT rule but I love IB's tired price structure). I am sure there must be a way to avoid this rule by let's say:

-Having someone that goes bail for me
-If you are foreign
-You show some real estate equite
- ....
- BUT NOT HAVING A 25K Account



Anyone any idea or knowledge how to deal with this **** SEC rule
More...

Just save your money (get another job if you need to) and put the money into your account so that the PDT rule has no impact on you.

Thus, you're able to trade the way you want to.
 
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