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💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
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What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Hey everyone Ross here from Warrior Training. I'm gonna talk to you today about the pattern day trader rule also known as the PDT rule. This rule came into effect in 2001 and what it states is that if you're going to day trade more than three times in a five business day rolling period that you need to maintain a minimum balance in your trading account at at least twenty five thousand dollars. Now, this is tough for a lot of beginner traders.
I know it was tough for me. When I first got started, I wasn't expecting to need twenty five thousand dollars in the account. Fortunately, there are a few different ways you can avoid being restricted by the PDT rule. One way is to go ahead and trade with a cash account and then you can day trade as much as you want.
But when you run out of cash, you've got to wait two days for trades to settle. The good news is that options trades settle overnight. so if you have ten thousand dollars in your account, you could potentially take two or three options trades each day knowing that they settle overnight and the cash will be available for you to trade with again the next day. But if you're going to actively day trade by cell by cell, then you do need a minimum of twenty five thousand dollars.
Now, something that's kind of interesting is that different brokers view round trip differently. so each trade is considered a round trip. So if you buy a thousand shares and then you sell a thousand shares, that is one round trip. No count is one of your three trades and a five day period.
What happens? However, if you buy a thousand shares, you add another thousand shares and then you sell two thousand. Well, most brokers would still consider that one round trip even though you took three individual trades you bought. Once, you bought a second time going in the same direction and then you sold all at once. What happens if you buy a thousand and then sell five hundred and then sell five hundred more? Well, you did to sell orders, but you're still considered a round trip.
You made one direction going up and one direction coming back down. In this case, however, where you buy a thousand shares, you sell five hundred and then you buy a thousand more and then you sell the rest. That's gonna count as two trades because you changed directions twice Now with some of these complex orders where you're going forward backward, forward, backward. Different brokers will view it differently.
so it's important to check with your broker and find out how they're gonna account a round trip If you do change directions mid trade, or if you just keep buying, buying, buying, buying, and then selling, selling, selling, selling. All right. So I Hope this has helped you understand the PDT rule. The biggest thing to remember is that you're limited to only three trades in a five-day period if your account is under $25,000 and it is a margin account.
Alright, I Hope that's helpful as usual. Any questions? don't hesitate to reach out if you're still watching. You must have really enjoyed that video. So why not subscribe and get email alerts anytime? I Upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.
Hi Ross, first off I want to thank you for all the videos you make to help beginners like me. With the PDT rule you mention that it applies to margin accounts. My question is, say I put $2,000 into a cash account through TDAmeritrade, since it is not a margin account am I able to then able to buy and sell as many times as I want to in a day? Is there any rules, regulations, or restrictions I need to know about with the amount of trades I make in a cash account. Any insight from either you or anyone in the comments is much appreciated.
you are the man ,,
You can day trade all you want with a cash account. I started with $1,000 split into 2 $500 I trade on webull and always get my cash early on day 2.
Never ever got locked out as a PDT
Hi, thanks for a super informative channel!
I live in Norway, Europe, and am considering opening a margin account with Lightspeed.
Since Lightspeed is an American based platform, how can data for tax calculation be exported to Norwegian systems?
Hello Ross, I have been looking into opening a margin account in Webull, but there are a few questions that I haven't been able to get answered yet. In order to have unlimited day trades, the account must have at least $25,000 in it. Here's my hypothetical scenario:
-My account has $25,000
-I then take a long position of $5,000
-Am I now under PDT? (Is the 25k minimum based on "Total Account Value" including the market value of any holding positions?)
Hopefully that makes sense. Thanks so much for the help.
So are you saying cash account can day trade without restrictions even less than 25k???
PDT rule is not only unamerican, its unconstitutional.
Robinhood makes this pretty difficult actually.
I know I’m commenting on an old video, but does weekend count during the 5 rolling day period. Let’s say I’m counting back 5 days. Can I count the Saturday Sunday. Or exclude those and only count trading Days?
Answered my question exactly 😎
So when I turn off the PTD rule. Does my account turns into a cash account if not. How do I switch it to cash account.
So if I exceeded my 3 day trades today and want to sell some stock I already had previously tomorrow I can do it? It only counts for buying and selling same day correct?
If my robinhood is blocked for 90 day due to pdt can I keep using Webull for example or all my brochures are blocked together??? Thank you
If my account is classified as a PDT and I deposit the $ 25k into the account, can I operate from there as many times as I want per day?
Or do I still have the limitation of 3 trades every 5 business days?
What about the weekends
If I buy a stock at the end of the day and then sell it first thing in the morning is that considered a day trade?
Can I buy different stocks in same day without selling them? For example I buy 6 different stocks and ETFs in one day and repeat this process tomorrow. Will I break the rule?I mean if I only buy or only sell different stocks will I break the rule?
Is the 25k at one time payment type of thing? Or do I have to pay 25k monthly,yearly? Thanks
Minimum balance has to be 25k. Does that mean 25k in cash or 25k with stocks and cash?
Thanks man, just started trading last week, I really enjoy your advice, especially giving great advice on how to get started up. I wish I would of gotten started earlier but it is what it is. Thanks for sharing what you know..
Are resident with dual citizenship allowed to hold an offshore broker account ?
So in that case you can't buy different stock in the same day then…
If I buy a stock on monday but keep it a few days then sell it on thursday, do I still have my 3 day trades? pdt rule is only if i buy and sell all in 1 day correct?
Hello Ross, thanks first of all for your efforts in giving us all this valuable information that you so generously share with the world. I have a quick question thought, if I'm not a US citizen and don't live in the US; when I sign up with a Trading Platform like say TradingStation, would the PDT Rule still apply to me?
You explained this well, thank you man, subscribed.
So if you have less than 25k in your account, and you own 4 or more different stocks you'll never be able to cash out on all those because the max is 3 per 5 days. Am I understanding this right?
Having a cash account does not restrict how many day trades one can do regardless of how much is in that account, correct?
PDT has cost me thousands, its quite annoying of a rule.
Does the PDT rule apply to day traders using LightSpeed from the UK?