Trade the Pool – PDT Rule
PDT Rule One of the many benefits that comes from trading stocks with a prop firm is bypassing the PDT rule. PDT stands for “Pattern Day Trader”, and any US trader that places at least 4 day trades in a 5 day period will be given PDT status. In order to trade in the US, […]
Trade the Pool – Education & Content
Education & Content Trade the Pool are serious about educating their traders! There is an education section for their website coming soon, and already there are many educational blog posts on there. They have a daily live trading room on YouTube, they publish interesting stock tips on X before market open each day, and they […]
Trade the Pool – Overnight Positions
Overnight Positions On the swing account a trader can hold positions overnight provided the average traded volume of the ticker for the last 14 days is at least 500,000 shares. If the stock is reporting earnings after market or pre market the following day then it will not be available for overnight holding. On the […]
Trade the Pool – Activity Restrictions
Activity Restrictions There are some key restrictions that traders should be aware of: Day Trader 1. During the evaluation, the trader’s most profitable trade cannot be responsible for more than 30% of the total profit target. Example: If you profit target is $1800 then the most profitable trade during the evaluation period cannot be more […]
Trade the Pool – Account Purchase
Account Purchase Purchasing an account with Trade the Pool couldn’t be easier – head over to your dashboard and click ‘New Account’ or ‘Quick Order’ and then select whether or not you would like a day trader account or a swing trader account. After that select the account size, enter personal details and payment information. […]
Trade the Pool – Daily Loss Limit
Daily Loss Limit If the daily loss limit is reached the account is paused until the following day, but the trader can pay a fee to reset the daily loss allowance if they think there are still some good opportunities to trade that day. The cost to reset the daily loss allowance is: Mini BP […]