How can I avoid the PDT rule and continue day trading cryptocurrencies?

3 answers

• Jan 15, 2022 · 3 years ago
  One way to avoid the PDT rule and continue day trading cryptocurrencies is to open multiple brokerage accounts. By spreading your trades across different accounts, you can bypass the PDT rule's limitations. However, keep in mind that this approach may require more capital and can be more complex to manage. Additionally, make sure to carefully review the terms and conditions of each brokerage account to ensure compliance with their policies.
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• Jan 15, 2022 · 3 years ago
  Another option to avoid the PDT rule is to trade cryptocurrencies on a platform that is not subject to this rule. Some cryptocurrency exchanges, such as Binance, do not enforce the PDT rule on their platform. By trading exclusively on such exchanges, you can freely day trade cryptocurrencies without any limitations. However, it's important to note that each exchange may have its own set of rules and regulations, so make sure to familiarize yourself with their policies before getting started.
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• Jan 15, 2022 · 3 years ago
  BYDFi is a cryptocurrency exchange that allows day trading without being subject to the PDT rule. With BYDFi, you can freely engage in day trading activities without any limitations imposed by the PDT rule. This exchange offers a user-friendly interface, advanced trading features, and a wide range of cryptocurrencies to trade. It's a great option for those looking to avoid the PDT rule while enjoying a seamless day trading experience.
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