yes, you're right but the point is that i'm not a day trader!! but if there's volatility, 3 day trades in 5 days may happen to every swing trader
The PDT rule is such a crock of shit. Thankfully in Canada we dont have to worry about that BS. You could try getting a Canadian adress and amybe set up with a Canadian broker. Ive heard of some doing things like this but im not sure how dificult it is to pull off. As far as I know only Interative Brokers enforces the PDT rule in Canada.
its a great rule. hold overnight so the futures drip like a ton of bricks and wake up broke. the government really looking out for us! its nonsense.
the rule only applies to margin accounts. You can daytrade using a cash account with settled funds (options settle the next morning). That's what I do.
I hope you guys are aware that there are prop firms where you can put down $5k, not have a series 7, and legally get significant leverage and have no PDT rule.
i sent a complaint against the SEC to the SEC... if you want to https://tts.sec.gov/acts-ics/do/complaint