Pattern Day Trader Rule "PDT" Definition : Trading Terminology

Read more about the PDT Rule in my Blog Post here: https://www.warriortrading.com/pattern-day-trader-definition-day-trading-terminology/ FREE eBook: "How to Day Trade" | Download Now: http://webinar.warriortrading.com/signup DISCLAIMER: http://www.warriortrading.com/disclaimer/ // Join our Free Day Trading Chat Room here: https://www.warriortrading.com/free-day-trading-chat-room/ See our Live Streaming Channel on TickerTV here: https://ticker.tv/daytradewarrior/ I teach Day Trading Strategies for Beginner Traders.  I focus on Momentum Trading Strategies including Gap and GO! and Trend Finding Strategies.  All of our classes are available for immediate streaming at https://www.WarriorTrading.com. // Helpful Links Day Trading Chat Room: https://www.warriortrading.com/day-trading-chat-room/ Premium Trading Courses: https://www.warriortrading.com/trading-courses/ Gap and Go Trading Strategy: https://www.warriortrading.com/gap-go/ Momentum Trading Strategy: https://www.warriortrading.com/momentum-day-trading-strategy/ Reversal Trading Strategy: https://www.warriortrading.com/reversal-trading-strategy/ Contact Info: https://www.warriortrading.com/contact/ Twitter: @Daytrade Warrior @swingwarrior “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”… // Learn How to Day Trade and Learn How to Swing Trading As Day Traders and Swing Traders our mission is simple. We are looking for stocks that we expect will move in a predictable direction. We want to take a position with a predefined stop level and profit target. Sounds easy right? In a lot of ways it is. But there are literally thousands of different strategies for trading the market. Every trader has a unique approach to trading. Our goal is to teach you our strategies. I have developed a series of profitable trading strategies for beginners. Our Trading Courses focus on the most fundamental aspects of a successful trade. // Chart Patterns After you understand risk management and proper stock selection, we teach you how to find stock patterns on charts. These patterns are how we base our risk and reward. We look for chart patterns that have well defined areas of support and resistance. We will use previous support levels as our stop price, or our risk, and we look at previous resistance areas as our initial profit target, or our reward. If the profit vs loss ratio is 2:1 we will take the trade. I teach both day trading strategies and swing trading strategies. For day trading we focus primarily on 5min charts while swing traders focus more on daily charts. The patterns in general are the same. I teach traders how to find patterns in real-time including Bull Flags, Bear Flags, Flat Tops, Flat Bottoms, and Rubber Band Reversal Setups. // Trading Strategies Learning risk management, proper stock selection, and chart patterns is important, but those alone don’t create a trading strategy. A trading strategy requires details on the time of day you take these trades, what type of stocks you like to trade, what percentage to success you expect. All our students are required to papertrade and prove to me that they can trade on a percentage of success that is high enough to justify real trading. If you can’t make money in a demo account, you have no business trading a real account. We have saved students hundreds of thousands of dollars by encouraging paper trading while they are learning. The market will be here for a long time to come. The important thing for you right now is to build up the skills to trade the market successfully. You will learn that once you possess the skills to consistently make $20.00/day all it takes to make $200 is larger share size. Then all it takes to make $2000 is again, larger share size. The hardest part is being consistently green just $20/day. So that is our initial target for all of our students. Profitable trading 4/5 days per week for at least 3 months. Join our Free Day Trading Chat Room here: https://www.warriortrading.com/free-day-trading-chat-room/

Comments

1. If one's account is over 25k, must you still wait 3 days for a transaction to settle when trading with cash or cash account? Or does the >25k balance waive you from that rule as well? Thanks. Nice video! ...Clear and thorough.
2. Finally found a good video about the PDT rule, what is a day trade etc. Thanks a lot for the knowledge!! You got a new subscriber and a like to go with it. :)
3. Can you go long/short multiples stocks and hold them overnight to get away with PDT rule? Thanks Ross.
4. I LOVE YOUR VIDEOS MAN! So informing compared to Sykes videos!
5. Great video and detailed explanation.
6. U answered allot of the questions I had. Thank u😘
7. I'm not making this up I swear I gave suretrader my information and somebody down there used my credit card information because two days later in Florida somebody use my credit card on Delray Beach pretty sure is one of the workers suretrader
8. Ross, this is a great video. I think I have to listen at least 10 times same video but it is great start. Thanks again!!
9. So i don't have 25k but it's a cash account. everyday my TD ameritrade (Think or swim) resets and shows i have 3 day trades available. Is this because its cash and not margin?
10. If I am under 1k and buy say 100 shares of a stock then sell 50 once then sell 25 twice all in the same day, will that count as my 3 trades for the 5 days?
11. So say I open a $2,000 cash account at Suretrade, I can continue to trade with unsettled funds after liquidating a stock?
12. New small time trader here. ($2000 account). Love the videos. This is week three for me of playing the market, and after watching some of your videos my last 5 trades have been highly successful. Establishing rules, a strategy and goal is key. I very quickly learned vengeance trading and emotions will land me in the 90% group (losers). After some regrouping, I'm back up well over my starting portfolio value. NVCN, IDXG, AKAO, VCEL, DRYS have been my last 5 trades. (all green) Perhaps someday I will join your group once I build up some funds to to do so!
13. would a cash account get margin call while in a short position?
14. Question about the three trade rule. Does it count towards your limit if you buy one stock and sell a different stock? Or does the trade have to be from the same stock? I've heard both and I'm a little confused.
15. Great video Ross. Thanks for posting. How does a suretrader account affect you relating to filing income taxes? Are you more likely to get flagged/audited since it's off shore??
16. Ross, do you have to have excellent credit for a margin acct? When I first signed up I had $1k and checked the box for margin and was denied. I've had the account now for about a year and have $18k in it.
17. Great teacher
18. Thank you, for such excellent information. very simple and easy to understand and your calm voice is pleasant to listen.