Comments on: How to Circumvent Pattern Day Trader Restrictions http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html Freshly squeezed market commentary & analysis Thu, 28 Aug 2008 10:30:33 +0000 http://wordpress.org/?v=2.0.2 by: Babak http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-7954 Fri, 15 Jun 2007 01:35:57 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-7954 Handy, as far as I know options are excluded from PDT rules. The best source to confirm is your broker. Handy,
as far as I know options are excluded from PDT rules. The best source to confirm is your broker.

]]> by: Handy http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-7912 Thu, 14 Jun 2007 12:51:16 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-7912 Hi, Could we do day trades using equity index options (NDX or SPX) WITHOUT any limitation of pattern day trade rule ? Your reply is highly appreciated. REGARDS, Hi,

Could we do day trades using equity index options (NDX or SPX) WITHOUT any limitation of pattern day trade rule ?

Your reply is highly appreciated.

REGARDS,

]]> by: Another Hiatus: No More Daytrading For Me -- Move the Markets http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-7229 Tue, 29 May 2007 18:17:32 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-7229 [...] When I started trading, commissions killed my expectancy, which was about -0.5R per trade. After the advent of Zecco, I thought I’d be able to overcome the commission drag I had from my old broker, and I did. But my situation hasn’t changed, as the PDT get in the way. Now I’m either at zero expectancy or slightly negative depending on how “lucky” I get with my 3 trades per week. Babak’s international option would help with the PDT rules, but then I’d have very large commission drag for my small account size. Even if I could get the commissions lowered, or trade higher priced stocks with a per-share structure, I still don’t have the time to watch all day, which is another of my problems. [...] […] When I started trading, commissions killed my expectancy, which was about -0.5R per trade. After the advent of Zecco, I thought I’d be able to overcome the commission drag I had from my old broker, and I did. But my situation hasn’t changed, as the PDT get in the way. Now I’m either at zero expectancy or slightly negative depending on how “lucky” I get with my 3 trades per week. Babak’s international option would help with the PDT rules, but then I’d have very large commission drag for my small account size. Even if I could get the commissions lowered, or trade higher priced stocks with a per-share structure, I still don’t have the time to watch all day, which is another of my problems. […]

]]> by: Babak http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6624 Wed, 16 May 2007 17:12:38 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6624 Prospectus, you can go with their per share fee structure and as I mentioned you can negotiate with them if you're active. Prospectus,
you can go with their per share fee structure and as I mentioned you can negotiate with them if you’re active.

]]> by: Prospectus http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6618 Wed, 16 May 2007 12:50:43 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6618 Alliance's commissions would kill the small account trader. When the amount you risk per trade (say 1% of $2k, or $20) is near the amount of your commission ($16), there's no way you can win. No PDT restrictions would be great, though! Alliance’s commissions would kill the small account trader. When the amount you risk per trade (say 1% of $2k, or $20) is near the amount of your commission ($16), there’s no way you can win. No PDT restrictions would be great, though!

]]> by: Zecco: Free Stock Trading http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6594 Wed, 16 May 2007 03:05:19 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6594 [...] If you’re using Zecco to trade (not invest) you will be frustrated with the limitations that PDT regulations impose. And may even lose money if PDT rules stop you from trading. If you have $2000 here’s how you can circumvent them, get 4 times intraday margin and trade all you like! [...] […] If you’re using Zecco to trade (not invest) you will be frustrated with the limitations that PDT regulations impose. And may even lose money if PDT rules stop you from trading. If you have $2000 here’s how you can circumvent them, get 4 times intraday margin and trade all you like! […]

]]> by: Babak http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6358 Wed, 09 May 2007 21:17:51 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6358 Ugly, yeah for sure. But $5000 is still $5000. Some start out with a small grubstake. Ugly, yeah for sure. But $5000 is still $5000. Some start out with a small grubstake.

]]> by: Ugly http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6318 Tue, 08 May 2007 13:45:47 +0000 http://www.tradersnarrative.com/how-to-circumvent-pattern-day-trader-restrictions-910.html#comment-6318 Another way is to join a prop trading firm. You can get up to 10-20x intraday buying power on $5000 or less. Another way is to join a prop trading firm. You can get up to 10-20x intraday buying power on $5000 or less.

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