Pattern day trader

How bad is it to be designated as a PDT?

 

Well, if you want to trade, and exceed your daily trades... I guess bad.

 

This is an excerpt from the notice I got:
“PDT accounts must maintain equity of $25,000 to avoid day-trading minimum equity calls and having further restrictions placed on the account.”
So I’m wondering what the “further restrictions” could mean. Anyone has any idea?

 

This means they will not allow you to place any more trades temporarily, until your funds settle. Then you can trade again.

 

Join the rest of us trading futures. No PDT rule, unlimited daytrades.

 

+1 for futures.

 

Not bad if you have more than $25k in your account.

 

Used to be a response to OP would be ... they have this thing called search nowadays. Which now can be amended to, they have this thing called ChatGPT nowadays. Yup I know AI been around long time now, but geez why do "traders" using the term here loosely, ask basic questions after the fact, while putting their hard-earned money on the line? Study, then do.

 

Depends on where you live. PDT means you can only trade during Pacific Daylight Time. Works well if you live on the West Coast. Otherwise, not so great.



This post is a satire.

 

The OP has politely asked me to reply on his behalf.