How To Avoid PDT Rule – PATTERN DAY TRADER – Day Trading Options & Penny Stocks

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Pattern day trader is a FINRA designation for a stock market trader who executes four or more day trades in five business days in a margin account, provided the number of day trades are more than six percent of the customer’s total trading activity for that same five-day period.

I talk about how to avoid it or the ghetto day trading rule, you can use a cash account and other means but there are other things to watch out for. Read all disclaimers and be safe. The PDT ability isn’t that tight, I’m sure you think you are missing out but you will learn on your own that swing trading is where the money is at. But always glad to put you guys on game!

Live streaming channel: https://www.youtube.com/channel/UCsfp0zw1hNxpy_wDig8oExA

#PDT #DayTrading #PennyStocks

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THE PRICELESS STOCK TRADING BOOTCAMP & CHATROOM ( But honestly the youtube live chat is better than this chat, fair warning. ALSO IT SAYS REAL ESTATE IN THE LINK BUT THIS LINK TAKES YOU TO THE STOCK TRADING COURSE) *$5 COVER TO “PARTY” WITH US*
https://www.ttfrealestate.com/p/free-stock-trading-bootcamp

The course on what to do with your trading profits (how to reinvest):
http://www.TTFrealestate.com

Get your Tastyworks Account here: https://start.tastyworks.com/#/login?referralCode=GZEBKSA4BX

How to start trading options with a small account:
https://www.youtube.com/watch?v=hLYTHQBgOW8

Game & Chat with us After hours:
http://www.Twitch.tv/TradingFraternity

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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions. Investing in general and options trading especially is risky and has the potential for one to lose most or all of their initial investment

Comments

Zuzanna Lena says:

I admire mr Williams Kris so much for his intelligence in managing my account as I take note view and learn how to trade,he is truly an expert

Dan Lee says:

Nice one josh

Frank Medina says:

Would you guys recommend starting options trading with $500? Is that a decent start?

jason w says:

Options take one day to clear on a cash account each morning before the Market opens your cash will be available

jason w says:

You don't have to wait 24 hours if you make a trade at the end of the trade day your funds will be available before The Market opens in the morning

Alex Wilks says:

Man, that sounds rough. In Canada the PDT rule don't exist, so Canadians can day trade American stuff all day long.

Dylan Pettijohn says:

I agree with what you said in the bio you make more in the swing trades anyways

ronnieray24 says:

Just get 25 k that’s what I would say no need to play games if you gone do this do it the right way

J D says:

😎👍. Psyched 4 the Live stream

dpilotNYC says:

Thanks bro, as always!
Also a general tip but it's wise to pick just one stock to buy per day. Do not add to that position the next day if you're still holding it, unless you're extremely confident or have available day trades available for the week. Point being, you can day trade on less than $25k but you've gotta be hella methodical and have a game plan should things go south at any given moment. Much easier for starters to swing trade positions over a few days or weeks… and would probably have a lot better results.

Chris Cortes says:

All love out here fam. Let's catch that MKT open!!! CULT CULT CULT

Matt Weber says:

2 days cash account now vs 5 trading days pdt without cash account. do 1/3 max trade per day thensplit to roll. i was flagged pdt once. closed it and opened another. but record is there. some brokers per sec rules allow a 1 lifetime forgiven from pdt. i didnt get it but continue to flow forward. margin to me is a credit card and can be bad with 1 play.

Lance Orr says:

I have Robinhood Gold with $3000 Margin. I got caught day trading and they restricted me from day trading for 90 days, but I still had my $3000 margin.

Aaron Cruz says:

The Cult is Real! Been on live streams last few days and has to the realest information on YouTube. Respect that you keep shit real no fluff. Recommend everyone pays the $5cover to join the party or hop on stream and learn! Already learned so much by being on the live streams and taking notes.

J says:

You can't trade options without a margin account with Robinhood. Just found that out today.

Niki Sicks says:

Great advice at the end there my man!!! Listen up kids, golden rules to help keep.you safe!

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