One great thing about Crypto is that there are no PDT rules.
The reason the stock market industry keeps/supports the PDT rules is to maintain an unfair advantage over the retail trader.
They keep making up excuses why they can't settle in one day. Which is a joke and a lie.
Conversation
Right, if you trade options you money doesn't need to settle. Probably because its easy for new traders to blow up their accounts with options
2
Also, even though crypto is bearish at the moment, one can still trade crypto after establishing the short-term ceiling by buying a ladder down, and selling at the ceiling when it gets there again. Just like a in a bear stock market. Yes, without the stupid pdt rule.
1
1
I’m literally doing it right now with Doge and am waiting for litecoin to hit a ceiling before I do it there too. All this while watching the Knicks and Nets in the playoffs lol.
1
It ensures folks with under 25k gotta hold outta fomo instead of selling and rebuying the dip. Very messed up.
Show additional replies, including those that may contain offensive content
Show