%% Sure sometimes simple is better; learning to trade with leverage sure make it simple, no profits, no leverage , no CPA fee . in other words leverage ignorance make zero sense. I'm not calling anyone here ignorant; dont have to. But all start that way Get a job or business + /invest save a lot. 3 or 2 accounts could work or help with a plan. So few make money with trading on shore ; daytrading is even worse if leverage is used......
Don't forget MBT as Bitcoin trends nicely at times. Then there is MYM as well as MNQ.....the choices are many.
Is there anything i can do to get around the PDT rule? -Don't use margin. Trade on cash. -Don't trade more than four trades over a span of five business days or -Don't trade more than 6% of the total trading activities in that margin account over the 5 business-days span. https://www.investopedia.com/terms/p/patterndaytrader.asp
I agree that this PDT rule is f***ing crap. It's basically another rule to keep us retail traders down. It was introduced during the dot.com era during the flourishing of online trading software and brokerages to curtail stock daytrading that flourished due to advancement in internet technology, the dot-com boom and the fractional pricing in stock prices at the time. And then once they changed fractional pricing to decimal pricing, dot-com imploded, daytrading gradually dwindled down but the PDT rule stuck.
https://money.cnn.com/2000/08/09/investing/q_daytradewhere/ A more opinion piece: https://www.businessinsider.com/day-trading-is-dead-2010-10
Article is 22 years out of date. Since then commissions have collapsed. We have had the meme stock phenomena. Quote spreads are now in pennies We need statistics on average daily day trading volume. Anybody?
It was a rule that has been put in place to prevent 'small' retail traders to blow up their account. The key is to keep them alive as long as possible. Cause if they blow up too soon, they will no longer participate in the market (paying fees and comm + get on the wrong side). Pros of all kind are making money out of the retail traders pocket.