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How To Get Around The PDT Rule with a Small Account

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Hey guys guess who's back! Time for weekly uploads and tutorials how about some live trading as well! Don't forget to drop a like and comment any questions you may have. Start with a mentor, someone who has been there and back twice. When I first started trading I blew my account up twice, which spelled certain doom for me as a trader but I didn’t give up. I found a gracious mentor to teach me from start to finish and accelerate my growth. Now I’ve found consistent patterns and practices to find, trade and profit from the best stocks on the market. THE NEW WAY TO INVEST Since the stock market crash in 2008, the typical investor is gone since the markets volatility is 10 fold. So how do you profit in a such a market? YOU GET IN AND GET OUT! I don’t hold my positions for more than a day or occasionally 2-3 days. I’ve made 100-200% gains in as little as hours by just using predictable but effective patterns to learn from. WHAT I TEACH -How To Trade Small Caps + Penny Stocks Under $10 -Identify Patterns. Where to Buy/Sell/Profit Targets, Stop Loss. -How To Manage And Diversify your Portfolio to Maximize Profits -Believe it or Not Trading Psychology is HUGE. Learn How to Think ! -Hours of Real Trade Examples both Wins/loss Explained in Detail -Learn patterns that have made me quit my job in my 20’sTrading Mentor: https://www.eatsleepprofit.com/pricing/ Trading Chatroom: https://www.eatsleepprofit.com/pricing/ Follow us on Instagram: https://www.instagram.com/eatsleepprofit Twitter: https://twitter.com/eatsleepprofit Stocktwits: http://stocktwits.com/eatsleepprofit
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Text Comments (199)
William Chapman (13 days ago)
Sure trader President got convicted of price manipulation after a 2 yr of investigation dont teade with suretrade
eric hoagland (29 days ago)
ty for the section on cash act vs margin
Al smith (1 month ago)
forget about getting around PDT rule!! Just swing trade using US stock brokers!! Anyone using offshore stock broker like Suretrader is very ignorant!!
Tiffany Travalent (1 month ago)
Suretrader is in Bahamas and I read where US accounts are prohibited.
Massin agouram (1 month ago)
You won't be affected by PDT if you hold a stock more than 1day not 90 days. Even if you are in the a restriction of PDT.
Juan Ojeda Jr. (2 months ago)
Very informative video
joe pen (3 months ago)
Well well well . If you have a cash acount and needing to wait 3 days for your money then you are limited to 1 day trade per 3 days which is 3 trades per 9 days instead of 5 days (unless you dont use all you capital with each trade )
Steven Lawrence (3 months ago)
You earned a sub bro thanks for breaking it dow so good!
Momentum Trader (3 months ago)
So if I open account with Etrade and put in $5000 can I trade settle cash 4 times a week?
EatSleepProfit (3 months ago)
Yep.
Leinani (3 months ago)
Thanks so much for this👍👍👏👏👊👊
Kevin Calderon (3 months ago)
Jason bond doesn’t refund people who didn’t know about the recurring payment
Skeptical MoFo (1 month ago)
Jason Bond is kinda like the trader version of a snake oil salesman
julie r (3 months ago)
You are incorrect about the 90 day rule. Not good to teach when you don’t know the information! 90 day rule does not allow you to OPEN any new positions. You are not, however, stuck with anything you own, as it does allow you to sell existing positions (but can’t short sell, which would be an opening order).
Martin Krulock (3 months ago)
PayPal is instantaneous
K B (3 months ago)
PDT rule only applies if you want to trade with a "margin account" basically a loan with your deposited available and active trading funds as a collateral, so they can close your positions anytime if your account goes negative. I heard about the "PDT rule" and thought it applied in general to all accounts but it's not the case if you use cash. Honestly it's somewhat misleading to all bigening traders when you hear about it, but once you open your account you find out that cash accounts are not subject to PDT rules. I've learned a fair amount in two years and I know I have a long ways to go but margin trading IMO is not necessarily a good practice for beginning traders, it could put a person financially under really fast. Honestly with cash you can trade with a small account anyway while learning to trade and improve your practices, trading takes a lot of dicipline and effort, it's work for sure and it will take time and money also, so loossing OPM can't be a positive factor.
BGillett (4 months ago)
Hey there, right now I have a cash account with TD. I have been a long term investor since I started in high school and want to get into day trading. Should I apply for a margin account? Thanks!
Richard Cobb (5 months ago)
Your beginning wall paper sucks , people don’t like starring at a wall.....
tony Garcia (5 months ago)
You can still sell it the next day, you aren’t banned from swing trading it
tony Garcia (5 months ago)
You can still sell it the next day, you aren’t banned from swing trading it
Chris Bellar (5 months ago)
Unless I misunderstood your first analysis of the day trade is miss leading, I know with Robin Hood it will consider 24 hours up to the minute For a day trade , but thanks for the info anyways
voceteo10 1 (5 months ago)
Thanks great vid
Joe Hamacher (5 months ago)
So with cash account if you had a 10,000 base account you will always be able to trade in and out with the 10,000 all day long, but the money you gain from that isn't available for 3 days, correct?
D. Jones (4 months ago)
No, that's not correct.
Iconic Glashan (5 months ago)
lol suretrader is definitely not from Jamaica
Hector Castillo (5 months ago)
so a day trade isn't a 24h timed based approach, it's just a different business day trade no matter the time right?
austin pastal (2 months ago)
From what I understand, yes. He said about overnight holds which means you buy near the end market hours and sell when it opens back up which is fine since it's a different "business day"
Hamse A. (6 months ago)
Fuck Jason bond the scammer
Cristian Arevalo (6 months ago)
man if i see another jason bond i might break my computer
William Chapman (13 days ago)
Hi guys and gals im Jason bond and i eat crayons and fart rainbows
Damian Lamb (3 months ago)
For real
hunndy (3 months ago)
Word
El Coyote Loco (3 months ago)
Same lol
Sanook - (5 months ago)
Cristian Arevalo 🤣🤣🤣🤣🤣
EX DIVIDEND (6 months ago)
Thanks so much for great info , I’m new to investing and this definitely helped a lot . Subscribed :)
Tuco The Rat (7 months ago)
T+3? DA FUCK! Who this rapping muthah who keeps my money for three WHOLE days? T+3, is this niggah a rapper?
EatSleepProfit (7 months ago)
😂 lmao
David H (7 months ago)
Let's band together and petition through whitehouse.gov to amend this regarding low balance portfolios!!
Duck My Sick (7 months ago)
I think the PDT rule is preventing u from blowing ur account, especially if ur a beginner.
tollox trade (6 months ago)
No, it is to prevent the pesky lower classes to become successful.
Jose Garcia (7 months ago)
its amazing seeing too many people jumping into penny stocks and not fully understanding until they loose everthing,they watch too many damn youtube videos of guys killing it in penny stocks and for the most part have an established a team of brokers and direct line.for the retail day trader you are on your own ,very easy to buy but when its time to exit and sell it a whole different story............all I see now are a bunch of guys who just started trading and have nothing but bad days and taking on tremendous risk making videos on youtube .selling their services,not one of them are successful traders none, WTF its sad.........
Jose Garcia (7 months ago)
I tell people all the time do not open a overseas account ever!!!!!!!!!!!!!
White Boy (7 months ago)
I'm a EU citizen I need to go get my ID. I just need 2k which I have already and 3-4months to get my ID need to go the the embassy to file for a ID
Sean Mcgrath (8 months ago)
or you can open an account with sure trader, unlimited trading from day 1
Batbayar Agvaansharav (8 months ago)
how about to open two accounts such as one is a margin another is cash at same broker?
Tyre Bradley (8 months ago)
Amazing video learned a lot from it. Thank you!
King Cesar (8 months ago)
Its crazy but i just found out about this this last week. I thought i was going to be unstopable and found out that i need to have my funds clear lol. Sucks. So i thought to divide into 10k 10 10 so i can sell and get back in. So i am glad you just confirmed what i was planning to do. Because i was how the hell do they do it. It is so fustrating it feels lije the game is riged lol. Just another challage to get through. Its all good. I got Auxly FSD Pharma and Aphria and last tetra biopharma is i get cought with some fumo i will dip buy this all day every day on a bull market woot! Lets kill it!🏆💸🎰💰📉📈💥
Stephano (8 months ago)
makeshiftplayer try to check out the Webull app. I'm not sure if they have the Same restrictions as Robinhood. Or just do what I did and go to Suretrader, and use the Active Web platform Free of monthly fees
teigrgwyn (8 months ago)
watching a 15 second intro that reminds everybody of a loading screen isn't fun
Hebert Sanchez (9 months ago)
TYVM for this video, very informative.
tuan nguyen (9 months ago)
Any one who like to day trade go over the forex market or future . It a lot better then trade stock .
VISION (10 months ago)
I'd honestly rather would just deal with the t2 rule (formerly t3) at one broker till i can break $25K. how much do you suggest someone start with? i've seen one of your students start with $800.
Donburi (10 months ago)
Any opinions on Ustocktrade?
Giggidygiggidy12 (10 months ago)
Jason Bond is a scammer don't sign up for his junk
Sanook - (4 months ago)
Giggidygiggidy12 so sad...
VPX4 (6 months ago)
The fact these clowns have to advertise tells you he's a scam artist. These people ride the wave and exit just as fast.
assasiner567 (6 months ago)
Are you serious ? Is it a fact?
Evgeniy Pisarenko (8 months ago)
I used his trading room in 2014 and have a lot to say about how he runs his room. He will not like it. I see nothing have changed since then. Now he has new friend there Kyle Dennise - same joker.
seven day options (10 months ago)
If someone is interested in pdt, or has experience in pdt, why would you waste your whole video talking about what pdt is? Such a waste of time.
Ram Nathan (10 months ago)
Jay,you are the best man.Please upload more videos.Thank you so much for your knowledge transfer.
Stephano (11 months ago)
Trade Options, till you Bank up your Account. Options are EXEMPT from PDT
julie r (3 months ago)
Only options on futures are exempt, not on stocks or etfs.
ballislife2351 (8 months ago)
No they aren’t .....
makeshiftplayer (8 months ago)
Thought they were exempt but then I got a message saying I've day traded a few times
makeshiftplayer (8 months ago)
Not on the Robin hood app...
Y H (11 months ago)
If I have more than 25K, can I do day trade?
DonGiovanni (9 months ago)
Ofcourse dude why not ?
Allan Abney (11 months ago)
Thank you Jay for your willingness to help us. I found you today and will continue to follow.
Ish T3ch (1 year ago)
Better alternative to SureTrader is CME Lite Group.
Gavin TheGamer52 (1 year ago)
Thanks for this, now i know what to do.
brucelee2550 (1 year ago)
I think there needs to be a correction about holding a stock 90 days if you're flagged. I believe it's 90days of not able to day trade but you can exist your position the next day.
julie r (3 months ago)
It’s 90 days of not being able to OPEN new positions. You may close any existing positions. He doesn’t understand what he’s trying to teach.
spoonman73 (1 year ago)
The PDT rule is ridiculous. Better to open a futures account and just trade the SP 500 instead. Less money required, less taxes to pay, can trade 24 hours a day and not spend all your time deciding what stock to trade. You're welcome.
timothy b (8 months ago)
Thanks
eXtRemely Potent (8 months ago)
How much do u need for futures? Smallest amount needed? Which platform?
CD (1 year ago)
FYI...... If you use options in a cash account, you will always bypass the PTD rule because options settled at the end of the day.
julie r (3 months ago)
Nope. Not true.
FireEggplant (1 year ago)
Hey Jay, do you have a Discord? Would love to pick your brain, I pray God continues to bless you and your family
Muhammad Kaz Kaz (9 months ago)
Mariog263 jesus is fake
LOKEY D (1 year ago)
how do i get around the application for forex -- first funded 3k and got rejected have 10k more to add -- only interested in forex not stocks so i would be doing a cash account only----help if you can
Steve Thomas (1 year ago)
To be a successful trader while trading Forex/Binary Option, it has to do with good strategy and best software that can intricate each other at that particular time that is what is giving me winnings when ever i trade, Frank Robert is the Master that always help me with this strategy and software that gives me maximum winning, he trades for me also and my winning is always there for me, I thank him for being nice and sincere Broker/Account Manager to me.
Steve Thomas (1 year ago)
Any trader can request for his help and strategy via his Email: [email protected]
hello im from philippines, am i still affected by PDT rule? and my broker might be from U.S.
XYED Zeus (1 year ago)
there s the noble prize every year for genius ideas and inventions....i wonder who came up with the shit PDT idea....should be shitted on
adolfo randa (1 month ago)
It’s actually set to help beginners from getting screwed by brokerage firms
stevewalkin (5 months ago)
I can see 5,000 or maybe at most, 10,000. But 25,000???
Robert Paulo (6 months ago)
True. XYED Zeus
Andy Valdez (1 year ago)
so you can day trade as long as i have a cash account?
Thanh Tran (8 months ago)
Kind of. Once you buy a stock, then you sell it. The money you gained from selling it will not be available to you until 3 days later, since it has to “settle”. So you can day trade with your other available cash all day long with your cash account, but with a lower starting account, it wouldn’t be advised since the trade cost would eat up your gains for multiple day trades compared to a higher starting account.
Santy Ortiz (1 year ago)
Hello jay I always been a fan since day one . I Just took the wrong turn jumping in different memberships Losing quite a bit of money , i’m looking forward to joining your team in the near future , to make a difference; Meanwhile keep those videos coming there great thank you.
Jason Mueller (1 year ago)
It's T+2 now. Good videos man!
Neal Schoeler (1 year ago)
It's T+2 now FYI.
Bandman Trading (1 year ago)
I do daily alerts on my channel and this scanner is really helpful thanks a lot! Book in Amazon called "bandman trading" it is an Amazon EXCLUSIVE that teaches you the patterns to look for when trading.
Galex TP3 (1 year ago)
I am new to trading. However, I have watched a few YouTube channels to learn over the past few months. I have funded my first account with fidelity starting with $2081 on March 2nd 2018. I am up 4446$. A few days later fidelity flagged my account for not allowing the three days to clear the funds. Two days later I contacted fidelity to inquire. They told me that the margin account to take care of this issue. That same day I made over 700$ in which needed three days to clear. They recommend adding margin to my account, which they processed overnight. The next day they flag my account for PDT failure. I contacted fidelity but they told me that there is nothing they can do. Clearly, the system designed to keep poor people down. Keep up the good work. I have also learned a lot following your channel.
Joe Joe (3 months ago)
It's 1) because the government thinks it can protect you better than you can (nanny state)...and 2) it protects the brokerage because you're trading a margin account. So...use a cash account, and understand the rules/laws before trading. You're dealing with transfers of wealth...trading is not just an ATM machine.
J C (1 year ago)
Good vid, best way would be TD plus Etrade and split the money between those two power houses, the rest is just to risky specially the offshore accounts .. I'm new at this but that would work with me as soon as I hit 10-15 k total then I'll split it. Thanks for the info.
xpress516 (1 year ago)
hey man im just geting started and i've been using think or swim and im ready to start testing the water with real cash, i have tdameratrade and would like to set up a cash account to get around pdt. How do i do that? if you could help with that info please.
JoeJoe Graz (1 year ago)
Is a 4:1 leverage provided by your broker considered a margin account? For instance, I have 10k cash account, and my broker gives me 40k in leverage. If I use these funds, is it considered margin trading and will it be subject to the PDT rule? Also, if you short trade, that's considered margin trading and that will be subject to the PDT rule? Thanks so much.. I hope Mom is OK. We just lost our Dad to cancer.
C Bell (4 months ago)
JoeJoe Graz Yes, you have a margin account. Your account is too small to day trade if it is a US-based account, but you may short. I am sorry for your loss.
milieubluez (1 year ago)
x 1.25 speed. You are welcome
Gary OConnor (1 year ago)
I love your intro. It would be sick when the first bass hits your logo beats with it. What stage is your mom in?
Erick Fenstermaker (1 year ago)
Does this also include Forex trading through Oanda?
Barry Lewis (1 year ago)
Glad to hear it how do I join the team now?
joseph findlay (1 year ago)
why does pdt exist exist? who benefits from it? who created it?
D. Jones (4 months ago)
Rich people created it
Pedro Tagliani (1 year ago)
Hi Jay! Question, if you don't mind: Let's say I noticed that stock XYZ is squeezing up and buy 1000 shares of it but I'm under the PDT rule. If during that squeeze I decide to sell 200 shares to secure some profits, then sell another 200, and another 200 as it is going up, is that counted as 3 day trades already and all of a sudden I'm stuck with 400 shares? Or is not counting as 3 day trades because I haven't sold the entire position yet? Thanks for the video!
M.H.F Ministry (1 year ago)
I was under the impression that a PDT would be violating rules not only trading 4 days in 5 day period, but MAKING OVER 6% in the total trades of the 3 days, would be a violation as well... Is this true?
PynYah (1 year ago)
Keep the lesson coming. Great vids.
Jeffery Osterme (1 year ago)
SureTrader is Bahamas 😊
jose chavez (1 year ago)
How do we use offshore brokerage if some say its not available for US citisenns?
Jason (1 year ago)
Watched all your vids! Great material, really looking forward to your next! Thanks Jay!
#MichaelDelgado (1 year ago)
Cool
noxsoviet (1 year ago)
Waiting for new vids.... you should have a lot more subs imo!
Samuel Castel (1 year ago)
Great info brotha man
Amos Pan (1 year ago)
Bro your videos are value bombs...this one and the how to build a watchlist and scanner...dropping knowledge!
Millie Lillie (1 year ago)
When will you make more videos? I'm eager to learn
Ricardo Zapata (1 year ago)
90 days getting stuck on a trade?🤔 bull shit. Call me, email me or skype me. I can mentor you. Dumbass!
Dustin Yambrisak (1 year ago)
I have 7 brokerage accounts! PDT rule doesn't apply to me! 😂😂 (Unless I surpass 21 day trades in 5 days)
Ben Warschau (12 days ago)
Shouldn’t you have enough cash to avoid PDT with one account?
Juan Codas (5 months ago)
+Tariye Peter did you find it yet? what do you think of Trade Zero ??
john denver (5 months ago)
Try webull
Tariye Peter (7 months ago)
dh_ yambrisak what are your top brokers? I’m using robinhood but I’m looking for another broker
steve a (1 year ago)
you said something about not being to get out of a trade for 90 days?? i think you have that wrong. you are allowed to close open trades but not enter new ones, of course i may be wrong but that's what happened to me.
Consistent King (6 months ago)
You Can still enter & exit but you will get penalized & it will reset 90days every time, If you break the rule too many times they will remove the margin on your account & convert it into a cash account. Happened to me twice. He was def misinformed with that one.
Carpet Hooligan (7 months ago)
Yeahhhhh... I'll pass lol.
White Boy (7 months ago)
Mark Davis no it's if you go in one direction. You can but 100 shares. Then sell 50 and then sell 50 more. It's considered one day trade. If you buy sell buy sell it's 2 day trades. If buy sell sell it's one. You can buy 1x and sell 10x in one day of what you bought it's one day trade
Mark Davis (1 year ago)
Lets say you already have 2 day trades from the previous day. Then today you open with 200 shares, then add 200 shares, then add another 200 shares. Then you try to sell all 600 shares. The first 200 shares will sell (executing your 3rd day trade), then the next 200 trigger your forth day trade. Then the last 200 have a possibility of being held for 90 days, right? Technically the last 200 would be a fifth day trade.
Dustin Yambrisak (1 year ago)
steve a as long as it isn't considered a day trade by rule, yes you're correct. What he suggested being stuck in a penny stock for 90 days is incorrect.
ANTONY PAUL (1 year ago)
hey Jay,hope your mom is doing is fine now and thanks a ton for your videos.Could you make a video on what is a good swing trade setup and how to play them
Ali Akhmatov (1 year ago)
Hey man, say I trade via Robinhood or TD trader using my own money from my checking account. And day trade. Am I still under the PDT rule or am I exempt?
Dustin Yambrisak (1 year ago)
Ali Akhmatov you'll still need a cash account of 25k or more to avoid the PDT rule with any broker
DaEABaller (1 year ago)
11:32 you just contradicted your intro lol
Joseph Shattuck (1 year ago)
as far as the PDT rule can I go back and forth from cash account to margin account or do they frown on that
Harry Porter (1 year ago)
You are very appreciated, with only 6 videos you have almost 10k subscribers. I hope you post more.
Robin Colmenares (1 year ago)
For some reason I never have that issue with RH if I sell a position I almost immediately have access to those funds
Dustin Yambrisak (1 year ago)
Robin Colmenares on margin you do. RH takes 3 days for trades to settle. Make a trade on RH and try and transfer to your bank with those same profits, RH would tell you you have to wait 3 days for trade to settle + an additional 3 days to transfer to your bank
Ink Instigator (1 year ago)
I'm glad you explained that man. It cleared a lot up for me
InLaws Attic (1 year ago)
Thanks, I had just resigned to make 3 trades a week, until could grow up to the 25K. I am wondering, if I buy, sell, and then buy again, is that the 3? So that last buy has to go over night. Or, is a trade a BUY/Sell per stock and I get 3 Buy/sell s per week? THANKS for addressing this topic, no one ever does!! Love your videos!
ItsPlanB NL (10 months ago)
InLaws Attic I think you mean if you buy on Monday, sell on Tuesday and then buy again on Tuesday, right? Do you already know the answer as to whether that counts as a daytrade or not? I have that question as well at the moment.
Jizmo Jimmy (1 year ago)
InLaws Attic If you buy stock X and then sell stock X on the same day= 1 a trade. Buy, sell, and then buy again is not 3 trades, as you asked!
Mark (1 year ago)
What's your current take on Suretrader? The reputation seems to suck. An alternative might be Tradezero (offshore aswell)?
galaxiexl500 (1 year ago)
The ad is correct. I bought some Calls when I meant to sell them while I was driving. My Roth IRA is with TD. And it's quite the money maker and no worries about pdt.
Brutha X-ray (1 year ago)
Hi Jay, I'm a new subscriber to your channel and your videos. After watching this video, I want to first keep your mom, you and family in prayer. I wish i had this interest years ago when i was still a young man, maybe now in retirement, i would be living more comfortably. But I'm interested in getting a copy of your CD to give to my daughter. She's in the personal banking field and is interested in investing. I would love to see her plan and become far more financially secure than i ever was! How or where can i get your CD to give for her birthday in November? Thanks for sharing your knowledge with others, God bless....
Joey Hotcakes (1 year ago)
Theres a couple more, have +25K, Join a prop firm which isn't that hard to do and some of them will even supply most of the capital. You can also trade options which have t+1 settlement, but the spread on these could kill you, and there are not options on probably a lot of penny stocks if your trying to trade those. You could trade futures, which dont have any rules regarding day trading, you can trade back and forth all day till your eyeballs fall out, or cash forex market, however these markets are very hard to trade without proper strategy. You could trade the close. You could pool accounts with friends.
Tongia Turner (7 months ago)
Joey Hotcakes ,, ckto top full bon G TV data
ROADRAGE (1 year ago)
have the dvd been released yet?
TwstedTV (1 year ago)
Can you please calm down and stop trying to rush talk. Its hard to keep up, specially when i figure out that you are trying to catch up with yourself. Keep Calm.....I would appreciate it very much. Anyways , thank you for the Information ...
Muhammad Kaz Kaz (9 months ago)
TwstedTV he's not rushing at all

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