Pattern Day Trader question...

Discussion in 'Index Futures' started by JustDave, Sep 1, 2002.

  1. JustDave


    Does the "pattern day trader" rule apply to people that trade futures (2-4 times a day, 5 days a week)??
  2. no
  3. JustDave


  4. Only stocks. Absurd rule established by the SEC assuming that small traders will completely stop trading. This has made the small traders taking bigger risks by holding positions overnight. I don't know what SEC was thinking.
  5. Small traders still can trade futures or forex until they go broke. :D
  6. There had to have been some money involved somewhere. Maybe the little daytraders were making Dad's full service broker look bad, so they put the screws to the SEC and told them to, "Shut them down before we lose a whole generation of clients!"
  7. sub7slak


    Correct me if I am wrong, but did you incorporate yourself (like maybe JD Consulting Corp)? if you did, the Pattern Day Trader makes no difference since that is applicable to natural person under tax purposes...robert, I am sure you are much more qualified than I am regarding this, am I right?
  8. good question sub