🔴 Become Tim's Next Student, JOIN my Challenge: https://bit.ly/2EDFpzQ 🤑👇🏻 EXPAND DESCRIPTION for more LINKS 👇🏻🤑 Let the controversy begin! I think the PDT rule is a GOOD thing. Less is more. Here’s why… 👉🏼Get my FREE weekly stock watchlist here: https://bit.ly/3jecLEs 👉🏼See all my trades from the last 20 years: https://profit.ly/user/timothysykes 👉🏼SUBSCRIBE: https://bit.ly/2MDNeVq to get INSTANT alerts when I post a new video outlining my penny stock trading techniques.* ✅ Share this video with a fellow Trader: https://youtu.be/G0yDgiJ7lqw ✅ Recommended video: https://youtu.be/GUtbcfBQ2zo ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R How do you get over the pattern day trader (PDT) rule? Should you get over it? Does it matter which broker you use? Students ask me these questions all the time. I don’t think there’s anything as controversial as the PDT rule in the trading world … Today I talk about what it really means and why. SPOILER: I don’t actually think it’s a bad thing. In case you need a refresher, the PDT rule applies to all traders who have less than $25K in their accounts. It limits you to three day trades per rolling five-day period. A lot of new traders complain about it. They think they should be able to trade as much as possible. I’ll be honest … When I first started teaching, I thought the same thing. I thought it was un-American and unethical — the worst! But after teaching for over 10 years, I actually think it’s the best rule possible. I have five millionaire students and even more students earning six figures.* But I also have a ton of students who are struggling because they’re overtrading. (*These results aren’t typical. Most traders lose money. All trading is risky. Never risk more than you can afford.) I get it, you wanna earn. But first, you’ve gotta learn. You need patience. And the PDT rule forces you to be patient. Remember: the PDT rule only applies to day trades. That’s where you enter and exit on the same trading day. You can have as many overnight trades as you want. There are tons of plays that last overnight or longer … I’ll tell you about some of my favorite plays that I hold for three to four days. Sure, I love a morning dip buy intraday trade. But these only work for the biggest gainers. Those don’t happen every day. There usually aren’t more than one or two per week. And that works just fine if you’re under the PDT. Watch the video for some of my favorite setups — intraday, overnight, or longer … Focusing on mastering these patterns can help you become a stronger trader. Leave a comment: Do you a) undertrade, b) overtrade, or c) are you still learning? A, B, or C? Be honest! ✅ Follow Tim Sykes and his trading travels: Instagram: https://www.instagram.com/timothysykes
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* —————————————————————————————————————-
* Timothy Sykes teaches skills others have used to make money. Most who receive free or paid content will make little or no money. Any results displayed are exceptional and are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Do not invest money you cannot afford to lose. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services. Past performance in the market is not indicative of future results. See Terms of Service here: https://www.timothysykes.com/terms-of-service/.