I have a small account. I can't seem to find anything to buy and hold for one night without the risk of losing money after market or premarket. Aftermarket, I can't trade without becoming a PDT. It's so frustrating to watch others making trades I wish I was in on too, like XOMA and EURI. I know, go study, right? SIGH.
Take afternoon positions and hold overnight, watch http://tim.ly/timgrow
Thanks Tim.
I'm having a hard time grasping the stupid concept of the PDT rule.. Is it only for margin account when you borrow shares to short? and does it still apply for cash account?
@TheVulcanTrader - it applies to all accounts under $25k, unless you open with SureTrader - as the business is based outside of the US. PDT otherwise restricts you to 3 day trades per week. If you carry the trade overnight then that does not count against your 3 trade limit.
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