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33 thoughts on “What is the pdt rule?”
  1. Avataaar/Circle Created with python_avatars @travisdevey9825 says:

    Hi Ross, first off I want to thank you for all the videos you make to help beginners like me. With the PDT rule you mention that it applies to margin accounts. My question is, say I put $2,000 into a cash account through TDAmeritrade, since it is not a margin account am I able to then able to buy and sell as many times as I want to in a day? Is there any rules, regulations, or restrictions I need to know about with the amount of trades I make in a cash account. Any insight from either you or anyone in the comments is much appreciated.

  2. Avataaar/Circle Created with python_avatars @tamapua808hi says:

    you are the man ,,

  3. Avataaar/Circle Created with python_avatars @bobpoland6042 says:

    You can day trade all you want with a cash account. I started with $1,000 split into 2 $500 I trade on webull and always get my cash early on day 2.
    Never ever got locked out as a PDT

  4. Avataaar/Circle Created with python_avatars @CHS951 says:

    Hi, thanks for a super informative channel!

    I live in Norway, Europe, and am considering opening a margin account with Lightspeed.

    Since Lightspeed is an American based platform, how can data for tax calculation be exported to Norwegian systems?

  5. Avataaar/Circle Created with python_avatars @specializedbighitfsr says:

    Hello Ross, I have been looking into opening a margin account in Webull, but there are a few questions that I haven't been able to get answered yet. In order to have unlimited day trades, the account must have at least $25,000 in it. Here's my hypothetical scenario:
    -My account has $25,000
    -I then take a long position of $5,000
    -Am I now under PDT? (Is the 25k minimum based on "Total Account Value" including the market value of any holding positions?)
    Hopefully that makes sense. Thanks so much for the help.

  6. Avataaar/Circle Created with python_avatars @channeldiali says:

    So are you saying cash account can day trade without restrictions even less than 25k???

  7. Avataaar/Circle Created with python_avatars @rgbjimz says:

    PDT rule is not only unamerican, its unconstitutional.

  8. Avataaar/Circle Created with python_avatars @feral5404 says:

    Robinhood makes this pretty difficult actually.

  9. Avataaar/Circle Created with python_avatars @kjlt6579 says:

    I know I’m commenting on an old video, but does weekend count during the 5 rolling day period. Let’s say I’m counting back 5 days. Can I count the Saturday Sunday. Or exclude those and only count trading Days?

  10. Avataaar/Circle Created with python_avatars @B-RY556 says:

    Answered my question exactly 😎

  11. Avataaar/Circle Created with python_avatars @Chala94 says:

    So when I turn off the PTD rule. Does my account turns into a cash account if not. How do I switch it to cash account.

  12. Avataaar/Circle Created with python_avatars @stopdafeds8210 says:

    So if I exceeded my 3 day trades today and want to sell some stock I already had previously tomorrow I can do it? It only counts for buying and selling same day correct?

  13. Avataaar/Circle Created with python_avatars @samuelg6386 says:

    If my robinhood is blocked for 90 day due to pdt can I keep using Webull for example or all my brochures are blocked together??? Thank you

  14. Avataaar/Circle Created with python_avatars @FelipeApolinario7 says:

    If my account is classified as a PDT and I deposit the $ 25k into the account, can I operate from there as many times as I want per day?

    Or do I still have the limitation of 3 trades every 5 business days?

  15. Avataaar/Circle Created with python_avatars @mjordanboyss2972 says:

    What about the weekends

  16. Avataaar/Circle Created with python_avatars @tannerlewis19 says:

    If I buy a stock at the end of the day and then sell it first thing in the morning is that considered a day trade?

  17. Avataaar/Circle Created with python_avatars @hussamshareef8348 says:

    Can I buy different stocks in same day without selling them? For example I buy 6 different stocks and ETFs in one day and repeat this process tomorrow. Will I break the rule?I mean if I only buy or only sell different stocks will I break the rule?

  18. Avataaar/Circle Created with python_avatars @user-ie1xi4ub9x says:

    Is the 25k at one time payment type of thing? Or do I have to pay 25k monthly,yearly? Thanks

  19. Avataaar/Circle Created with python_avatars @IamWedge says:

    Minimum balance has to be 25k. Does that mean 25k in cash or 25k with stocks and cash?

  20. Avataaar/Circle Created with python_avatars @Fozzy5OOO says:

    Thanks man, just started trading last week, I really enjoy your advice, especially giving great advice on how to get started up. I wish I would of gotten started earlier but it is what it is. Thanks for sharing what you know..

  21. Avataaar/Circle Created with python_avatars @guillaumer6814 says:

    Are resident with dual citizenship allowed to hold an offshore broker account ?

  22. Avataaar/Circle Created with python_avatars @snowjeezoe says:

    So in that case you can't buy different stock in the same day then…

  23. Avataaar/Circle Created with python_avatars @welcome2thesimulation820 says:

    If I buy a stock on monday but keep it a few days then sell it on thursday, do I still have my 3 day trades? pdt rule is only if i buy and sell all in 1 day correct?

  24. Avataaar/Circle Created with python_avatars @michaelaguillon8002 says:

    Hello Ross, thanks first of all for your efforts in giving us all this valuable information that you so generously share with the world. I have a quick question thought, if I'm not a US citizen and don't live in the US; when I sign up with a Trading Platform like say TradingStation, would the PDT Rule still apply to me?

  25. Avataaar/Circle Created with python_avatars @9to5Trader says:

    You explained this well, thank you man, subscribed.

  26. Avataaar/Circle Created with python_avatars @thecaboose6591 says:

    So if you have less than 25k in your account, and you own 4 or more different stocks you'll never be able to cash out on all those because the max is 3 per 5 days. Am I understanding this right?

  27. Avataaar/Circle Created with python_avatars @CDtheMan says:

    Having a cash account does not restrict how many day trades one can do regardless of how much is in that account, correct?

  28. Avataaar/Circle Created with python_avatars @spamman6206 says:

    PDT has cost me thousands, its quite annoying of a rule.

  29. Avataaar/Circle Created with python_avatars @andrewmckinlay8780 says:

    Does the PDT rule apply to day traders using LightSpeed from the UK?

  30. Avataaar/Circle Created with python_avatars @lovenatacha says:

    Can you open a Lightspeed account as a non US resident with less than 25k ?

  31. Avataaar/Circle Created with python_avatars @lovenatacha says:

    Does the pdt rule also apply for non US residents ?

  32. Avataaar/Circle Created with python_avatars @rayshawngriffin5392 says:

    Is it illegal to use to brokers

  33. Avataaar/Circle Created with python_avatars @William14094 says:

    So if I have a margin account with $100K in it, I can buy and sell the same stock 50 times in the same day if I wanted to? Or is there still a problem with funds being settled after each trade? I can never seem to get this question answered! Please help.

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