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

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.

#patternday #traderule #pdt #stocktraders #tradingrules #tradingtips

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

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All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.