I don't trade equities, so I'm not one hundred percent sure this is new information for equities traders, but I just thought I would share this to help out all the new traders out there who can't come up with $25k. PDT rules only apply to margin accounts. If you have a cash account you can trade as much as you want ONLY if you do same-day settlement (T+0). The problem is that everybody does 2-day T+2 settlement. Except, this place: https://www.ustocktrade.com/ It looks like it's a dark pool for retail traders. Only limitation is that maximum trade size is $10k. But, there is no limit on number of trades. I think they do this to make the fee structure a very simple 1 dollar per 10k. This is the quote from their FAQ: As the first retail stock trading network, Ustocktrade operates as an ATS that allows users to directly trade with each other. A 10,000 share and $10,000 order value limit on each buy or sell order ensures that users in the network are the types of “retail investor” Ustocktrade is aimed at. This limit is per order only, not for your total buy or sell order value per day.