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, pattern day traders must have at least $25,000 in their margin account, and if the account falls below this level they are not allowed to trade until they have brought the account balance back up to $25,000.
One of the many benefits for US traders trading with Trade the Pool is that they bypass the PDT rule, and can day trade stocks with their maximum personal risk only being the cost of the evaluation, which is significantly less than $25,000.
Learn everything you need to know before signing up with Trade the Pool from our full Trade the Pool Review
