the PDT rule needs to go

Katrina Johns · Nov 10, 2002

Quote from Dantheman:

Here's an idea...let's all SHUT UP, get more money into our accounts and TRADE PROFITABLY...then we won't have to fill up 20 bazillion pages of

"PDT sucks blah blah blah, i only have 2k, i can't get above 25k blah blah blah, SEC sucks they won't let me make money blah blah blah"

YOU are the only one holding you back. It is up to YOU to trade well and decide whether or not you have enough money to even have a chance in this business.

Well guess what jack, 2k isn't gonna cut it.

:eek:

hiphip horay!
LMAO!!!

you gotta be out of your freaking mind to to even think for one minute you can daytrade with 2K. haha. you should be banned from daytrading for stupidity, not lack of funds.

qdz · Nov 10, 2002

Any lawyer friend here? The law suit can be a big hit, right? Think about so many small investors screwed up by intraday volatility in the past two years. It can be all the fault of PDT rules!!! This could be a great case in the history like those against tobacco companies. Let us know if you are interested. You will have many of us as witnesses.

hii a_ooiioo_a · Nov 10, 2002

It makes it harder to trade well when the rules are stacked against you. Wait til they start adding restrictions onto your ability to trade, and we'll see how quickly you start whining

qdz · Nov 10, 2002

sit tight. we'll see.

vladiator · Nov 10, 2002

Quote from Katrina Johns:

hiphip horay!
LMAO!!!

you gotta be out of your freaking mind to to even think for one minute you can daytrade with 2K. haha. you should be banned from daytrading for stupidity, not lack of funds.

Wasn't that the whole idea behind PDT???
To prevent morons who shouldn't be daytrading from doing it. Min funds required was just an easy was to accomplish it, as those who are smart will get the money one way or the other.
And if someone does have enough money but is dumb, who cares if he loses it.

qdz · Nov 10, 2002

Is there society still in slavery?

people having less than 2k to trade = moron = lamb supposed to be slaughtered by market manipulators who use regulators and capitalists to take advantage by ripping away their basically equal rights to trade.

---
Communism coming back.

hardrock375 · Nov 10, 2002

Quote from qdz:

Is there society still in slavery?

people having less than 2k to trade = moron = lamb supposed to be slaughtered by market manipulators who use regulators and capitalists to take advantage by ripping away their basically equal rights to trade.

---
Communism coming back.

Equal right to trade?

qdz · Nov 10, 2002

Equal right to trade?

Why not, hard?

Freedom to trade in the extend with the money that anyone has deposited and be accepted by brokers per customer agreements. Why PDT rules take away that right in the cases where enough cash are available?

mkmps · Nov 11, 2002

basically, I was annoyed at PDT rules at first, but then I realized it is OK, since I would enter a trade if I saw "enough" profit potential to "sell" my 1 daytrade that I have:

that, i think, saved me a lot of money. It is getting a bit annoying now though again since I see what I consider a high profit potential more than 3 times/wk. I think PDT rule is a great way to learn. One thing for sure, if you're trading an account that is less $25k full time, you can't really pay a morgage or car note from profits assuming you're not taking too much risk...

qdz · Nov 11, 2002

in some sense you are right, the rules force you to be more precise at your shoot.

But it ain't fit my system. My goal is not to pay anything you mentioned, but to make a basic living. You got that? That is for the people at the bottom of the society.

---
If that can not be done, when will a revolution?