I agree. Definitely. I'm going to have a mixture. No scalping though. The settlement period doesn't bother me nearly as much as the PDT rule. Thanks for your help.
What about synthetic loophole?? such as trade options and close the position via an near identical options, and or use put call parity format/formula and so on and on to "virtually" close out your position, more commissions so, but doable?? i used to know someone who i think used to do it this way
My interest in a Day Trading account is for Swingtrading with an initial stop loss order. Maybe I have this wrong but, recently Swing trades are reaching a sell point or drop in days. It is recommended (by myself and the service I use) to always utilize a Stop Loss order. The inevitable result is a 'Day Trade' often due to a quick stop out. This concern got me here looking for an out via a Cash Account. If I read it correctly a Cash Account will restrict trading rather than let me hit a PDT alert. Correct?
an update: Since my account is a cash account, as long as there is ample cash balance to cover my trades the PDT rule will not apply. I was looking for confirmation and this works. Question closed.