Pattern Daytrading poll

Do we have every possible details discussed regarding this issue of PDT rules? If you have not voted or expressed your opinions, please feel free to do so. Thank you.

:p
 
The SEC, NASDAQ, NYSE, etc are a bunch of crooks. The rules are <font size="7" color="red">STOOOOOOOOPID!!!!</font>. Did I make my point clear enough? It's my money. Unfortunately, these regulatory idiots that need to dream up reasons for their own existance don't care.
 
exactly true. the PDT rules are the most ignorant and selfish regulations that I have ever seen. it's a massive fraud.

:p
 
Well, after all that, there's some simple solutions for those of us with less than $25,000 in accounts.

1. Cash Account for Options

The PDT rules apply only to margin accounts, not cash accounts.
You can open a cash stock&options account, and trade up to your cash limit, without arbitrary restrictions on the number of trades.

2. The PDT rule is applied per account, not per person.

You could open several accounts if you want to daytrade stocks. Each account would allow three daytrades per five days. I believe this would be simpler than trying to form a partnership or joining a prop firm just on account of the PDT rules.

That's about all there is to it.
 
As long as we can work around these rules, we don't need to worry
about those people. This issue has caused more anxiety than it deserves.
We can move on now.
 
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