Remind me why the PDT Rule exists.

Discussion in 'Trading' started by ark93, Jun 13, 2019.

  1. gaussian

    gaussian

    It couldn't be that the entire world is dependent on the stability of the dollar, and despite all the bitching and moaning about "independence" these other countries claim to have, if the US dollar crumbles the entire world does. Every country on the planet worth anything is tied to the US dollar in one way or another. It's stability equates to global stability. 2007-2009 succinctly demonstrate my point.

    But don't let that stop you from your anti-American tirade. Please keep going.
     
    #21     Jun 13, 2019
  2. d08

    d08

    It's about not wanting to deal with the problem. Politicians do it all the time -- "there, we did something, we matter", rarely are the effects measured long-term.
    I'm not sure Americans regulate their markets more than others. Seems about the same as the rest. Many countries don't even allow foreign citizens to trade their markets, some require a local address etc. Not to mention transaction taxes and other nonsense.
     
    #22     Jun 13, 2019
  3. That's why PDT rule has not sense, must be apply it to all instruments or none.
     
    #23     Jun 13, 2019
  4. zdreg

    zdreg

    You offer no proof that short selling is the cause of losses. You are just parroting a general prejudice against short sellers, as somehow being Un American.
     
    #24     Jun 13, 2019
  5. tommcginnis

    tommcginnis

    EGO?!?!? You are clueless. 180° off the mark. :confused: Did you actually read what I wrote? Any of it?
     
    #25     Jun 13, 2019
  6. Turveyd

    Turveyd

    Might not be for a Londoner in the UK but around where I live, it's a lot, everything is so damn expensive these days.
     
    #26     Jun 13, 2019
  7. Turveyd

    Turveyd

    Because I was full time for about 1year and I had bills to pay, food to buy.

    I doubled my account last month, still sadly no bank offering to buy me out for millions, it the real world, that doesn't happen.
     
    #27     Jun 13, 2019
  8. Turveyd

    Turveyd


    You've been there :)

    No system, no magic, 18hour days, research, stock screening, charts charts charts, making notes to create a watch list of good stocks to daytrade.

    I went pretty much full time, 1st May ish, going nuts but learning fast and wishing everyone would F off and leave me alone, so I can focus on the damn thing I have to sort out, phone off 9am to 9pm soon, only way :) NOT nice required to pay bills!!
     
    #28     Jun 13, 2019
  9. expiated

    expiated

    I agree with everything you wrote up to "...demonstrate my point," but I have no idea what that has to do with anything I said.
     
    #29     Jun 13, 2019
  10. expiated

    expiated

    When I lived overseas I could trade just about anything I wanted with just about anyone I wanted. When I moved back to the USA my options became extremely limited (by comparison) and become increasingly limited with each passing year. (I mention India because my understanding is that their citizens cannot trade any currency pair that doesn't include the rupee.)
     
    Last edited: Jun 13, 2019
    #30     Jun 13, 2019