Blagg - Mar 15, 18 6:37 PMQuick question about the PDT ruleReceived 0 KarmaView previous commentsDM4BigD Mar 15, 18 8:26 PMIf your account was flagged with a day trade then it will be removed on the following Tuesday per your examplesecuritiesdealer123 Mar 15, 18 9:10 PMPDT rule only affects margin accounts. My solution is just to go long with a cash account until you acquire the 25k. oldninja93 Mar 15, 18 9:47 PMThere are the FINRA rules, and then there's the determination of the broker as to whether or not an account is flagged for PDT. Make sure by checking the documentation with your broker and resources like these: https://www.sec.gov/fast-answers/answerspatterndaytraderhtm.html , http://www.finra.org/investors/day-trading-margin-requirements-know-rules . Once an account is flagged for PDT, it doesn't go away.dauber360 Mar 16, 18 4:13 AMMost brokers will keep tabs on your day trades and make that info visible.Join now or log in to leave a comment
DM4BigD Mar 15, 18 8:26 PMIf your account was flagged with a day trade then it will be removed on the following Tuesday per your example
securitiesdealer123 Mar 15, 18 9:10 PMPDT rule only affects margin accounts. My solution is just to go long with a cash account until you acquire the 25k.
oldninja93 Mar 15, 18 9:47 PMThere are the FINRA rules, and then there's the determination of the broker as to whether or not an account is flagged for PDT. Make sure by checking the documentation with your broker and resources like these: https://www.sec.gov/fast-answers/answerspatterndaytraderhtm.html , http://www.finra.org/investors/day-trading-margin-requirements-know-rules . Once an account is flagged for PDT, it doesn't go away.
dauber360 Mar 16, 18 4:13 AMMost brokers will keep tabs on your day trades and make that info visible.
If your account was flagged with a day trade then it will be removed on the following Tuesday per your example
PDT rule only affects margin accounts. My solution is just to go long with a cash account until you acquire the 25k.
There are the FINRA rules, and then there's the determination of the broker as to whether or not an account is flagged for PDT. Make sure by checking the documentation with your broker and resources like these: https://www.sec.gov/fast-answers/answerspatterndaytraderhtm.html , http://www.finra.org/investors/day-trading-margin-requirements-know-rules . Once an account is flagged for PDT, it doesn't go away.
Most brokers will keep tabs on your day trades and make that info visible.
Join now or log in to leave a comment