Thread: Stock traders
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Old 03-24-2013, 03:46 PM  
AdultPornMasta
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Quote:
Originally Posted by MrMaxwell View Post
I found a way to partially get around the PDT rule... this one guy told me this and it seems to work

"Yes, you can sell a purchase you made with unsettled funds 24 hours after you make the purchase without violating the rule. Just be sure it is more than 24 hours (don't be 1 minute early in your sell). The original funds used to make the purchase will settle at least one day prior to your sale settling, thus no violation of "free-riding". This is frowned upon, but not against the rules. I do it all the time without any penalty.

Yes, you get two strikes/warnings before the restriction (or before having to deposit the additional funds).

Good luck and you're welcome! "

ALSO

Having accounts at different brokerages is another way to help get around it

PS: There is also an offshore broker with terrible service that doesn't make you follow PDT but I can't remember who exactly. Whoever it is, they're very good usually but sometimes hit you with big fees for no real reason.
True all!

Just set yourself up a few corporations and go for it!

Thanks!

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