I am in the process of switching from Etrade to SureTrader until I get 25k to switch back to ETrade. Only switching to avoid the PDT rule thought long and hard about it and in the end thought it was the best thing to do. I like ETrade but with that PDT rule I can't trade that much so SureTrader will let me build my account faster until I get 25k to switch back. The only problem is going to be tax time and filling out all them forms, with ETrade you can just import it to the tax program but from what I been reading with SureTrader you have to do it all yourself and plus you have extra forms to file. I guess I'll deal with that hassle at tax time or go to a tax professional and let them deal with it.
Prove to yourself first that you're ready. You have 3 day trades per 5 rolling days, so you should at least be able to have 1 significant win that offsets the potentially 2 smaller controlled losses. Repeat consistently. If you can't do that now, what makes you think being able to trade more will allow you to? Focus on learning how to grow your account first, THEN worry about how to do it faster. If you follow Tim's materials, you have literally months and months of studying to do, and he covers
* a lot of non-day trading strategies. So you have options to trade without needing to day trade as well.
On the contrary the PDT helps you, read http://tim.ly/sykespdt don't say I didn't warn you
You guys are right I am going to stay with ETrade Thank you guys for the advice.
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