Understanding the Pattern Day Trader Rule

What Is Day Trading Rules, Understanding the Pattern Day Trader Rule – Day Trading Uk.

If you make 4 or more day trades within a 5-day period using a margin account, you can be considered a pattern day trader. Learn about the PDT rule with Tim Bohen!

? Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade

Share this video with a fellow Trader: https://youtu.be/0ykcwmhvoGM

✅ Links we mention and recommend:
Try StocksToTrade for 14 Days for $7: https://stockstotrade.com/7daytrial/
Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
Check out the SteadyTrade podcast: https://steadytrade.com

✅ Recommended video: https://youtu.be/CPDjFpfw5OQ
✅ Recommended playlists:
Stock Trading 101: A Day Trader’s Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES

✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade

The pattern day trader (PDT) rule applies to traders that have less than $25,000 in their trading account. If you make four or more day trades within a five-day period using a margin account, you can be considered a pattern day trader.

Many new traders get stuck or blocked from trading by their broker because they don’t understand how some of these rules apply. Understanding that a trader only gets three day trades in a rolling five day period may help avoid being blocked from trading. Quite frequently, brokers will lock an account for 90 days after the PDT rule is broken.

For example, if you make three day trades on Monday, you cannot make another day trade until the following Monday. If you make a day trade on Monday, another on Tuesday, and another on Wednesday, you’ve now used all three of your day trades and you cannot make another one until the following Monday. But that following Monday, you’ll only get that one trade back.

New traders with small accounts often trade volatile stocks to quickly grow their accounts. These traders especially should be paying attention to the PDT rule so they’re not stuck in good trade-turned bad.

Always be aware of how many day trades you’ve made in a 5-day rolling period. Write it down, or keep it in your trading journal.

#StocksToTrade #PDT #PatternDayTrader
—————————————————————————————————————-
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.

You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

, What Is Day Trading Rules

Day Trading Uk Understanding the Pattern Day Trader Rule.

Find New Posts Related to Day Trading Uk.

• Forex markets trade all the time, 24/7. Unless you’re an expert trader, you simply do not have the manpower or time to keep your eyes always on the market.
• Luckily, several basic techniques exist to allow part-time traders to remain energetic and also secure their placements even when they are away from their screens and even asleep.
• Stop-loss orders and also automated trade entry from digital trading platforms are simply two means to trade when you’re a part-timer.