6 thoughts on “Defeating the Pattern Day Trader Rule”
Mat M. says:
Jay Hawk, Thank you for a great video that clarifies the “box trade” to help those of us with smaller accounts not get snagged by the PDT rules. The explanation was clear and concise and very easy to follow. Kudos!
I tried to send you a question. I never heard back. I used your simple box trade close out today with a simple vertical credit spread and it worked there too. Thank you so much for great video.
Doesn’t this create 2 trades in one day? So effectively your quasi-exit is just another trade within one day, which is within the definition of PDT. Help me understand this.
Jay Hawk, Thank you for a great video that clarifies the “box trade” to help those of us with smaller accounts not get snagged by the PDT rules. The explanation was clear and concise and very easy to follow. Kudos!
I tried to send you a question. I never heard back. I used your simple box trade close out today with a simple vertical credit spread and it worked there too. Thank you so much for great video.
Doesn’t this create 2 trades in one day? So effectively your quasi-exit is just another trade within one day, which is within the definition of PDT. Help me understand this.
The key that the trades are never closed. They are allowed to expire. Therefore they are not considered day trades.
Will this PDT Hack also work with an Iron Fly Credit Trade?
Yes, however far more complex due to having two types, both calls and puts in the trade.