I remember in September 2001 when that rule was passed, disallowing daytrading in accounts with less than $25,000. Is this rule still in effect? Are there any plans to scrap the rule, or is it going to be there for a long long time?
anyone associated with enacting the PDT rule should be kicked out of the country and have their USA citizenship revoked.
I second, third, fourth and fifth that... cj.... __________________ HAVE STOP - WILL TRADE If You Have The Vision We Have The Code
Whats the big issue why this rule? I remember the first time I tried IB I put 10K in my account. And just to see how the statements etc worked I bought some MSFT and then immediately sold them. I get a message that I am a PDT so your account has be locked (or something can't remember)