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What is the Pattern Day Trade Rule? (PDT) for Stock Traders

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Pattern Day Trade rule also known as PDT is in place to protect the beginner traders. It is important to know this rule if you have less than $25,000 in your bank account or trading account and you are an active trader.

The rule states if you are an active trader, meaning if you make 4 or more trades in a 5 day period, then you will be stuck in your fourth trade place. Therefore you won’t be able to make any more trades until your early trades are cleared.

For example, if you made two trades on Monday, one on Tuesday, and one on Wednesday, you won’t be able to make a trade on Thursday; therefore, if the market is crashing, you will be stuck in that place.

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Posted at: https://tradersfly.com/blog/pattern-day-trade-rule-pdt/

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