how to get around the pattern day trading rule

HI spin... then if you shorted a call without buying one further out to limit your risk you could def lose a lot more then 200. Your risk is unlimited. I know you think it cant happen but it can... hope your trading an etf at least... careful...

Nick

 

spinn, watch that you do not spin out of control.

 

Just trade futures. If you're trading options you are using leverage. Why trade instruments that have potentially wider spreads and higher taxes?

 

Hi again,

To clarify my post of 12-06-09 12:06 AM, I meant to specify that you can day-trade equities in other countries with an account of less than $25,000. I don't think I specified that you could actually day-trade stocks in other jurisdictions.

Happy day-trading,

Steven

 

Correct. You can daytrade US equities in Israel with only $2k, but because of fees, it would be very difficult to make money.

 

That's interesting. I have not tried trading in Israel and am not familiar with their fees. The U.K. charges a trading tax (much like what the U.S. congress is clamoring about), and it really does making trading prohibitively costly. I would never trade in the U.K. except in USD denominated instruments, which cost the same to trade as US securities (which at my broker, IB, is $1 per 200 shares). Surprisingly enough, there are about 150 or so ETFs and even a few stocks that trade on the LSE in USD. Trading in Canada is pretty cheap, commission-wise, as well. Mexico is pretty interesting because they have all the same major stocks we have here--all the big caps like AAPL, GOOG, BAC, GS, etc. and they have the same time zone, PST. Thus, it's a lot like trading from home, but the commissions are a little higher, making it questionable if it's worth it. My main strategy when I was doing this was to trade the Horizons index-tracking 2x leveraged ETFs in Canada. They track US indeces and commodities, as well as Looney markets.

 

If you trade CFDs in London you get around the stamp duty tax.

 

You can protect gains in an option trade by turning it into a vertical spread.

 

I want to risk $100 per trade...on the mini ES that is 8 ticks.....with an option it is 100 ticks....I really dont understand why nobody here gets that

it is almost as if none of you trade........lol that was sarcasm

and funny how not even one post here addressed the topic of this thread ...not one

and miraculously it did not gap 400 points against me, it gapped 100 points in my favor and I am agonizing over when to exit.

I know...I just got lucky..right??

 

Unfortunately, it is the truth, very few actually trade here!