🤔 Ever wondered how day traders navigate the Pesky PDT rule in the stock market? Find out how they work around the $25,000 requirement and explore their trading options. Check out this intriguing episode by @WarriorTrading! #daytrading #stockmarket #PDTrule #InternationalTrading #TradeSettlement #UnlimitedDayTrades #TDAMERITRADE #InvestmentOptions #TradingFlexibility #TradingChoices #DayTradingOptions #CashAccountTrading #MarginAccountTrading #TradingRules #TradingStrategies #TradingCommunity #USBrokers #StockMarketInsights #TradeSmart #TradingRestrictions #PDTRuleExplained #TradingWithChoices #TradingOpportunities #TradingTips #financialfreedom
#daytrading #rosscameron #warriortrading
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
#daytrading #rosscameron #warriortrading
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
On the one hand, we have a lot of choices. We can trade with us Brokers or International but of course we're restricted by that pesky PDT rule the pattern day trader rule. So all U.S Brokers enforce it not just on U.S residents, but on International traders who open accounts with a US broker. So the PDT rule states that if you're going to day trade in a margin account, you need to maintain at least twenty five thousand dollars to be able to take an unlimited number of day trades.
So the two ways around that would be one to trade in a cash account. But then you have to wait two days for every trade to settle. So if a five thousand dollar cash account with TD Ameritrade you could trade by five thousand dollars worth of stock on Monday but then on Tuesday there's no money available. You're waiting for Monday's trades to settle which settle Wednesday morning.
So then you could trade five thousand dollars again on Wednesday.
So how do you trade without this problems Ross? And what can I do to trade on td with a cash account?
Orrr, trade $2500 on Monday, $2500 on Tuesday, $2500 on Wednesday, $2500…I think you understand.
The PDT Rule was def something that Limited my growth early on. The way I got around it is just trading Options vs. Trading Shares. Trying to play the "Settle Days" is really not worth it. Just trade Options until you make enough then switch back over to Shares. Options also have No PDT Rule in a Cash Account but you trade with the type of size you want to whereas in Shares you are severely limited if you have a small account.
just open 2 or more brokers accounts then day trade and alternate accounts
The sec made an amendment to this rule were t+2 is now goimg to be t+1. It goes into effect march 31 2024. So you can use all your bp an have it ready next morning instead of having to wait 2 days
Futures.
Options settle in full overnight fyi
Hey Ross, I'm trading with real money after practicing in the simulator for a couple months while learning your strategy. I was wondering how I can get around the pdt rule to grow my account. Should I go to another broker stay in a margin or go cash if I'm starting with 5k
The PDT rule was increased to 4 or more trades within five business days. Not sure when, but you may want to check that out, and change it on your website if you haven't done so already.
There is no reason why this rule should exist.
I’m still confused about this
Can you complete a series of trades on one day and then wait until the cash is settled?
Or can you only place one order, wait for the cash to settle, then place another order?
CMEG!!!