TheKumar
TheKumar Feb 24, 16 4:35 PM

pdt rule may be good if you have a smaller account so commission dont eat up all of your money and you dont over trade.

TraderH
1
TraderH Feb 24, 16 6:05 PM

The PDT rule was created during the dot com boom to protect small investors from themselves. It was the Wild West back then. Stocks went like 500-1000% in a day. Some people made tremendous money (like Mr Sykes and Mr Cuban) but a lot of small accounts blew up and had serious margin calls they couldn't pay. Some people lost their homes and their lives. There was even a shooting spree in Atlanta. So use margin responsibly and trade like a castrated choir boy. No hopium. Learn from the pas

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