Nothing was or is easier or easy, otherwise you would have made more than 25k. Instead you went back into the grinder and hated your life. So stop kidding yourself how easy something was
Remind me why the PDT Rule exists.
- Thread starter ark93
- Start date
It exists, because........
They know people with 25K+ accounts think there special and they blow it and walk away, never to trade again.
And they know, millions of little poor people mainly over Yahoo Groups, where making a killing on small accounts and that added up massively, I know I was 1 of them
Me and my 30 Yahoo Group mates, would literally all be millionaires
Yahoo Groups got closes to stop people talking world wide to, BS, anti bullying or someone got offended so millions of people had to go without.
It's supposed to be a free country, you are supposed to be responsible for your own actions, they shouldn't ban day trading to protect the few
PDT made me go back to work
"Making a killing" and not having 25k. The math just does not add up.
I've never lived in the US but $25k isn't some absurdly large amount of money anywhere unless you are really in the 3rd world.
You were making 33% per month? Why spend any of it. If you kept it going you’d be able to pay off the national debt of the US and have some left over for a private island and airport. If your strategy was that good your country’s central bank would’ve loaned you billions.
This is what I came to this thread for. These hucksters. What a joke.
Not at all. You need to have done some 'miracle runs' yourself -- you end up being NOT a nice person -- a bad Dad, poor-ass hygiene, you lose friends (through unfriendly and obnoxious and *thoroughly* self-absorbed behavior). Oh, and forget about your Sweetie. It is not fun. It is not recommended. And you WILL eventually blow up. But if it's Pay The Bills or not, you do what you need to do, for as long as you can. The best you can hope for is to learn learn learn. "Saving up?" No -- for some, *that* is a joke.
And so, to get back to the PDT Rule, you either quit with your $24,999 til you can restake $25k + blow-up, or you move to futures, and lose it with 100|1 leverage.
This is the first explanation I've read that makes some amount of sense to me. Why does the U.S. appear to regulate markets more than any other country (other than perhaps India) on the face of earth? Covering one's behind due to the fact the so many Americans just seem to be itching to sue someone at the drop of a hat, not to mention the prevailing victim mentality of today's spoiled Yanks who want to blame anyone and everyone but themselves for their personal situations, and I can see why the government finds it necessary to pass silly regulations to protect even sillier citizens from themselves.
Not at all. You need to have done some 'miracle runs' yourself -- you end up being NOT a nice person -- a bad Dad, poor-ass hygiene, you lose friends (through unfriendly and obnoxious and *thoroughly* self-absorbed behavior). Oh, and forget about your Sweetie. It is not fun. It is not recommended. And you WILL eventually blow up. But if it's Pay The Bills or not, you do what you need to do, for as long as you can. The best you can hope for is to learn learn learn. "Saving up?" No -- for some, *that* is a joke.
And so, to get back to the PDT Rule, you either quit with your $24,999 til you can restake $25k + blow-up, or you move to futures, and lose it with 100|1 leverage.
It entirely depends on your personality. Sure, the ego starts showing more as you start to equate your importance with your performance. But for most, they understand that they are still nothing -- there are billionaires out there for whom your "miracle run" isn't even enough to pay for a vacation.