Navigating the PDT rule

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Raging Bull

  

Good afternoon,

The problem with trading a $2,000 balance.

And a solution.

A day trade is when you enter and exit a position the same day.

Pattern day traders are required to hold $25,000 in their margin accounts.

Below $25,000 and you’re limited to 3 day trades every 5 days.

Break the rule and your broker freezes your account for months.

This makes it very hard to grow a balance under $25,000.

And extremely hard to grow a $2,000 balance.

A swing trade is when you enter and exit a position in 1-4 days.

Swing trading is better for busy professionals because you don’t have to babysit the trades like a day trader does.

And do you really want to stare at your computer all day anyways?

I didn’t think so.

All one needs to do this is a $2,000 margin account.

And because my strategy benefits from swing trading, 1-4 day holds, I don’t have to worry about the PDT rule.

Let’s look at my current $2,000 balance.

I started it on November 13.

That’s about 17 weeks and 2 days.

So about 52 day trades would be permitted in that time frame.

Guess how many I’ve done?

Just over half!

104 total trades. 73 swing trades. 31 day trades.

And I won 90% of those trades or 94 wins and 10 losses. 

Bringing my little $2,000 balance to a staggering $32,619 up 1,531%.

Results not typical. Trading is hard. Nothing is guaranteed. 

Often traders with balances under $25,000 think the PDT rule makes it hard to grow a small balance.

I’m proving it’s not true.

Want to learn how? You’re in good company!

Feedback from recent training:

Eat, sleep & trade!

Jason Bond

I want to start by pointing out that I cannot speak for my members’ performance, as results may not be typical and trading is HARD. And I cannot guarantee you will make money, but what I can guarantee is that I will work my BUTT OFF to teach you WHY I trade WHAT I trade.

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