What is The PDT Rule? Speedy Breakdown

FREE eBook: "How to Day Trade" | Download Now: this video presented by Lightspeed Trading I explain what the PDT rule is. As you may know the United States has what's called the Pattern Day Trader (PDT) Rule.  That means you need a minimum of $25,000 cash balance in your broker account in order to day trade more than 3x in a 5 day period.  Since most traders take 3-5 trades per day, they are considered Pattern Day Traders.  Many of our new students don't have $25k.  There are brokers that are based off shore that do not adhere to the PDT rule such as Trade Zero (non-US only) and CME Group. You can learn more here: #PDT #patterndaytradingrule #lightspeedtrading

You can open a brokerage with as little as $500 at some places. For the rebate program, TradeZero (Non-U.S. students only) requires a minimum of $1000 to qualify for rebate and Lightspeed required $25,000. But there are brokers that require only $500 to open an account, such as CME Group.

You can learn more here: and here: our Day Trading chat room here: Warrior Trading News all about the stock market: our Live Streaming Channel on TickerTV here: teach Day Trading Strategies for Beginner Traders. We focus on Momentum Trading Strategies including Gap and GO! All of our classes are available for immediate streaming at Helpful Links

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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.

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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.

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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 paper trade 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.