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$Genius Brands International (GNUS.US)$ Are we going to lose half of our value when people panic? Or can everyone be smart about this?
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Hi, moomooers, we notice that many of you have problems regarding PDT (Pattern Day Trader). PDT is a basic rule but important. Today, we will go through it with an explanation and solution.
What is PDT?
Firstly, we should be clear that PDT is a term defined by FINRA (Financial Industry Regulatory Authority). It refers to any trader who executes 4 or more “day trades” within 5 business days using the same account. Under FINRA rules, traders, who are marked as PDT, must have at least $25,000 in their accounts and can only trade in margin accounts.
What is day trade?
A day trade is defined as buying then selling or selling short then buying the same security on the same day. Simply purchasing and holding a security would not be regarded as a day trade. If you sell short and then buy to cover on the same day, it will be considered a day trade. The day-trading margin rule applies to day trading in any security, including options. Futu does not promote day-trading.
How to kn...
What is PDT?
Firstly, we should be clear that PDT is a term defined by FINRA (Financial Industry Regulatory Authority). It refers to any trader who executes 4 or more “day trades” within 5 business days using the same account. Under FINRA rules, traders, who are marked as PDT, must have at least $25,000 in their accounts and can only trade in margin accounts.
What is day trade?
A day trade is defined as buying then selling or selling short then buying the same security on the same day. Simply purchasing and holding a security would not be regarded as a day trade. If you sell short and then buy to cover on the same day, it will be considered a day trade. The day-trading margin rule applies to day trading in any security, including options. Futu does not promote day-trading.
How to kn...
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moomoo iOS 10.10 Version new features introduction
NO.1 Overview of new features
1. Support viewing charts by time range
2. Added Option P&L diagram and Exercise probability
3. Broker ranking added historical data
4. Added Scan QR code function and personal QR code
NO.2 Introduction of New Features
1. Support viewing charts by time range
Hi Traders! Now you can see the Time Range Chart in the Horizontal screen chart. You can choose to view 3 months, 1 year, etc.
NO.1 Overview of new features
1. Support viewing charts by time range
2. Added Option P&L diagram and Exercise probability
3. Broker ranking added historical data
4. Added Scan QR code function and personal QR code
NO.2 Introduction of New Features
1. Support viewing charts by time range
Hi Traders! Now you can see the Time Range Chart in the Horizontal screen chart. You can choose to view 3 months, 1 year, etc.
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