This will change Day Trading! (T1 Settlement)

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Warrior Trading // Ross Cameron // Day Trade Warrior

[@DaytradeWarrior]

Just your luck, our St. Patrick's Day sale is going on now🍏 ➡ www.warriortrading.com/memberships/

[@infinitelyllc]

🍀

[@austinjohnson4890]

This is good news! I'm trading with 3,000$ cash account on Schwab's Think or Swim and I was only able to use 1,500$ per day. It's nice being able to buy and sell 10 times per day with a small amount compared to having a margin account with 3 day trades a week!

[@david_a_uno]

Exactly! Because you can't flow smoothly, ie, it's impossible to get in/out and back in instantly. T1 is nice, but it still doesn't help timing entries and exits.

[@simonstocktrader3196]

PDT hurts the new trader "more" as they hold a stock longer because they don't want waste a trade. Then, they end up in a deep bag.

[@jshatfield115]

This!! I will not trade a small account its guaranteed loss

[@nomad7653]

I could agree more!

[@hhhhh-bz5ue]

​@@jshatfield115 How do you figure?

[@jshatfield115]

@hhhhh-bz5ue because you hold trades you shouldn't bc you only get 3 or however much cash you have settled. I don't like it

[@zargisan9017]

This is exactly right. I’ve been screwed because of this. It’s really not fair and there should never be a restriction like this.

[@bustedexotics7081]

I’m convinced that the PDT rule is set in placed to keep individuals with money in their pockets rich and those without poor, having the inability to change their situation quickly by learning the market.

[@jshatfield115]

This is what I think

[@Big_Hunter_08]

I had that same thought cross my mind the other day!

[@enigma9789]

It is.

[@MadSolarTrading]

too cynical

[@ariannaplayshouse]

Might be but you still need to understand how to trade. Most retail havent a clue.

[@verilucis]

100% agree, totally unreasonable. It seems to me, it's a way to keep the little guy down. Cash, no leverage, instant settlement. Thanks for the video!

[@jeffbox1torres]

With ťrading, technicaI analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Laura A Keady’s insights, daily ťrade signaIs, and my dedication to learning, I've been increasing my daily earnings. Keep it up!

[@jeffbox1torres]

She often taIks on TeIegrams, using the user-.

[@jeffbox1torres]

@Laurakeady

[@jeffbox1torres]

More lNF0 about her is on the web,that’s how I got in touch.

[@jpieters9888]

T2 hampered my ability to trade effectively because I’d hold positions way too long not wanting to sacrifice my one or two trades a day on a loss. So I’d hold, hoping it would reverse. It created a scarcity mindset, and no one wins with a scarcity mindset. I agree, instantaneous settlement would be great!

[@ph1670]

I totally agree. Let's change it. Put a letter together that we all can sign and send it out to whoever is in charge

[@herse2126]

yup im with you man 🫂👍

[@mateodemaj6871]

this means more volume and liquidity in the markets.....finally

[@V1CT0RY]

from who?? retail??

[@TheShadow_850]

US govt. needs to tighten up the gambling industry rather then focus on PDT crap that’s non senses. They not only stoping lot of new comers but also volume pouring into the names.. In contrast, people losing their life saving in gambling and yet there is no public policies to save them .. 😏😏😏

[@Siegefya]

Agreed, it's ridiculous you can go into a casino and lay waste to your bank account but they put us up on these stupid rules for financial markets. Makes no sense.

[@Johnc812]

I feel like the pdt rule is a barrier . When you only have 3 in and outs a week it's hard you'll most likely end up with fomo and jump in something for the day that you swear was going to the moon only to be forced to hold it until your next available day trade

[@jopisano67]

Yes. I like how they tell you, limiting your trades on PDT, it's all because they do not want you to lose money, but at the same time, if you make your third trade, they will not allow you to sell it and are forced to hold on to a losing trade while you see your account evaporate. Their reasoning is so stupid.

[@kainthomas]

I am so happy about this! 💚

[@ShawnWagner-sh8fi]

It's actually very funny how I used to think every investor went broke during recessions, meanwhile some made millions. I also thought everybody went out of business during the Great depression, but some went into business. Bottom line, there's always depression for some and profit for others, it all starts from having the right mindset. That said, I've set asides part of my savings to invest for future. Unfortunately I'm a complete noob.

[@Ella-Fitzgerald]

The market has gone berserk! irrespective of experience level, everyone needs a sort of coach at some point to thrive forward.

[@DevanAsher]

I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@DevanAsher]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *MARGARET* *KATE* *MARTINEZ* for about five years now, and her performance has been consistently impressive.

[@scruffyplayz2882]

As a new trader, this news is really good for me... I have just started day trading, at the age of 15 very recently.. And I have made a few 10%+ gain trades on a 500-dollar account thanks to Ross... Thank you so much Ross

[@investing4riches]

Stick to it man you have the best advantage as you have so much time in the market at only 15

[@charlypetra191]

Clearing Time... gives them time to HOLD and USE your $. Why we have free money orders.

[@jasonallnutt5049]

Do another small account challenge with a cash account in May!

[@infinitelyllc]

Thank you for explaining this! ❤ It is nice for the little guys to have a new way to grow up to $25,000.🎉

[@hhhhh-bz5ue]

Watch Ross every day! Have learned ALOT from him. Thank you Ross!

[@infinitelyllc]

me too❤

[@mtaylor10211]

Great video Ross and I agree with you 100% on your comments regarding margin/leverage and instant cash settlement. I think we’ll get there eventually, but it’s going to take time.

[@JohnHamilton-nr7nd]

Good Evening Ross. First thanks for all you do and teach. I have learned a lot from all your videos. I agree that going to a T1 is a game changer for day traders. I have often had to stop trading on a "hot" day because I ran "out" of settled money for the day. But I don't think we will ever see an instant settle of trades under the current technology. Here is why: Due to "Date of Record" for stocks that are paying out a dividend. Even on a T1 settle, only 1 person can own the shares. If it went to instant settle you might have 20 or 30 people own the same shares during the course of the day. They could make "Date of Record" down to a certain minute. But someone would figure out how to game the systems and trade in and out a many times during that minute. So then they would have to do down to the second for "Date of Record". I think then you would be running into technology constraints between computer systems at the different firms. The only way around this might be to offer instant settle only on stocks that don't have a dividend. Anyways, that's my 2 cents worth.

[@Elie941]

Thanks Ross for this great news ❤ actually I was waiting for this to happen from long time, agree with in every single words y said. ❤❤❤

[@ShaunBrown8378]

Thank you for this Ross. The PDT rule has perplexed me ever since I learned about it. I have a small account that I'm paper trading to get the hang of it. The restrictions are really a hurdle for me.

[@TerranceBledsoe-hp4ec]

Great news. I've missed out on opportunities because of this rule. We all know the risk of trading but we accept that risk and do it anyway. It's our choice. Thanks for the update.

[@treasurehunt7812]

I believe the reason they chose to create this PDT rule was to push those with limited means into trading other products such as futures and other derivatives.

[@jeremyfehr9576]

If cash accounts could keep trading their BP all day you would see bigger highs throughout the day. Now, most stocks, once people take profit they're done and it opens the door for easy shorts. That's why you only trade until 10 am all retail cash accounts are done for the day and there's less buying later on

[@TraderRoss]

PDT has hurt me more than anything out there.

[@infinitelyllc]

CMEG

[@shawnk1953]

This is huge, but I will now say I was in the t2 struggle and felt what it was like lol

[@habangolf]

Thanks Ross. This is great news and I 100% agree with you. let them trade!

[@MAYDAYMADEIT]

PDT in Schwab is only for margin account. Cash is allowed. You rock

[@josephukedaddy0548]

Ross, great book!! Really, I loved your book!!!

[@ericB3444]

Thanks

[@jopisano67]

Great news is correct. I got the same email as well. Thanks for sharing. Those who trade every day... With cash accounts, you can now trade with a small "full trading account" every day instead of using only half the account every day. 👍

[@Jimmy_Boy_Kalahati]

This is great news for a NOOB like me who didn't like having to wait 2 days for my trades to settle with a cash account, if I played all my balance in 1 day. I'll be able to reach the 25k sooner and then switch to a margin account, so I don't have to wait overnight for trades to settle. I'm too conservative to use leverage though.

[@387crash]

100% correct. Don’t allow leveraging for the small account and lift the cash trading restriction.

[@krypticdr4gon]

Im actually so excited about this!!!! Gunna change the game for my small trading account!!!

[@benthomson4695]

Thanks for sharing Ross. This is great news! Would you host a live Q&A on the matter for pro members at warrior? As I can imagine the community may have lots of question? Thanks Ross

[@Guzman323]

Totally agree with you 💯

[@Mrbullrun]

im from canada, no pdt rules, and im glad because it would be hard to learn with small account restricted trade ..one less thing to worry about.

[@MrDaplatapus]

Me too, but I traded a bit this week in my TFSA and Thurs decided to move all the cash in that account to my margin account. Turns out there is a settlement period. As of today, my money still isn’t in my margin account. 🙄

[@charliep9846]

I hope Webull does this soon. I have a cash account & and I don't want to use margin, so I have to make smaller trades & time them.

[@Torontogonetosdon]

Agreed! I don’t want to use a margin. Cash only.

[@jeffderocco6025]

Always wondered why that was that way. Looking forward to growing with you.

[@RiskOonTrading]

Can't wait !!!! Finally

[@mrman1287]

Awesome news! We could use more people in the market👍

[@fabioscuderi5998]

Do you know the guys from tastytrade come very close in 2022 to change the rules PDT . They still fight for . They said it won’t be long to change the rules

[@markjordan3312]

Oh yeah!! Great news, thanks, Ross, for the info!

[@jakedefenbaugh603]

Yeah, it sucks at time and I agree with you

[@Salsuero]

It's actually very simple. The big money people don't want little money to become big money. They're selfish and greedy about their position and standing... and they don't wanna share.

[@kyledunham9792]

The PDT rule is a pay to play. M glad that it seems that they’re dialing back with this.

[@iamgroup333]

There is strategy to roulette….used roulette to pay my utilities in college. Routinely made avg. $100/hr. Other than craps it’s the best odds on the house

[@ralphmaione3rd]

Especially with the emergence of Online Casinos being legal.. I can lose my whole checking account with really no input on the outcome. It's all luck. At least with trading there's is alot more skill, education and yea a little luck but yea let us trade!!

[@infinitelyllc]

Yeah, I thought this was a free country.

[@TexIan13]

Thank you, I agree with this 100%. I've always stuck to my cash account.

[@gambotage]

Yo Ross, killin it! Super exciting man lets gooo!

[@mariuszp4530]

What is your take on GERN...they skyrocket 92% on Friday...is it too late to jump on ?

[@whiskeywhiskey9696]

I always find your information relevant for the times. Thanks for sharing!

[@DDiazz]

Makes no sense at all …. I’m about to cancel my margin and try all cash …. Been swing trading for a few years because of pdt rule and waking up to see a stock dip is so nerve wracking at least with a day trade you don’t spend all night wondering what’s going to happen in the morning….. great video!

[@johnhogan5588]

Awesome news, thanks for the update!

[@josephukedaddy0548]

You book was a great investment. Thank you

[@Larissa-fq3ix]

“From Charles Schwab himself” 😅

[@EdtheFED6132]

famous

[@CandleClimber]

great news! limiting leverage is a great idea. With the current technology in computer banking industry, they could easily clear trade P/L's instantly! Cant wait till May 28!!

[@Christopher-pe6zj]

Looking forward to watching this when the ambient isnt kicking in! LOL

[@Jp-ui3fw]

So interactive brokers is now t1?

[@garouthetiktokinfluencerhu9731]

Yep

[@BigORat]

When I first started trading in 2016 it cost $7.95 to buy a stock. And another $7.95 to sell the stock. And the settlement date was T+3. These things were to discourage day trading and encourage real long term investing in the market. But it's very easy now for all long term investing to end. There is no charge for trades, and the settlement date is T+1 now. So the question I have is, "Why in the world would anyone want to buy and hold?" All these rule changes encourage gambling. Not investing. The big money, sooner or later, with these new rules are going to change...they aren't going to buy and hold for the 401k accounts anymore. They will start day trading your 401k account. And the market will be insane.

[@BigORat]

When the BIG MONEY starts day trading your 401k account instead of 'buy and hold investing' your account....the markets will be insane and time to get your retirement money out of the market.

[@carlosmorales2860]

90% of traders will lose more money & 10% will make more and like you mention Ross that the brokers will earn much more profits now so it's a no brainer for them to favor the change while at the same time at least we have faster access to our trading funds now. As for the leverage, I would be in favor to let the trader decide of having a NO LEVERAGE account option with a T0 SETTLEMENT or having a second option of access to 4x MARGIN T1 SETTLEMENT.

[@sadelb]

Imagine if casinos in Vegas had this rule? 1000% agree they need to scratch PDT.

[@barbaramancini366]

I've had Schwab since 1981. This is great news

[@hydrostatic3g]

When starting out, I just split my cash account in half so the T2 would rotate every other day and I could trade daily with the other half.

[@Jimmy_Boy_Kalahati]

That's what I was doing, playing half of my cash account balance each day. With the upcoming change, I'll be able to play all my cash account balance each day and reach 25K sooner, then switch to a margin account. Too conservative to use leverage though.

[@investing4riches]

gonna be awesome for more volume I hope

[@benhartill6989]

100% agree with all of this.

[@mikolots]

Ross always keep it real and no one teaches momentum day trading like he does.

[@FatMan888]

Because they don’t want us to get rich it’s hard to reach 25000

[@mtejada07]

Ross Thanks you for what you do.

[@iiAmProdigyyy]

There are no restrictions on gambling at casinos, scratch-offs, etc. Protecting hedge funds against accumulating retail traders sounds better =)

[@ReshardsAutomotiveWorkshop]

Cash account, instant settlement 😮. That would be a game changer! I dare say, a life changer!

[@WoodMechanicsllc]

Thank you Ross!! Thank you Schwab!

[@akshatrastogi9063]

I don't think you are correct. T+2 means if you are buying a stock on Monday, the settlement will happen on Wednesday. But it's not gonna be Wednesday morning; it will be at the closing. So you can only trade with the settled amount on Thursday. Similarly, for T+1, if you are buying a stock on Monday, the settlement will happen on Tuesday closing of market. And you can trade with the settled funds on Wednesday.

[@slydon75]

You’re right but what can we do? 😏

[@infinitelyllc]

what you can, and nothing less

[@barbaramancini366]

The Morning Show??? ❤🙏🙏

[@infinitelyllc]

I watch him live every day, you can too!🍀

[@Trike156]

Great analysis video Ross. Does this mean I can take 1 trade everyday with Cash accnt from May 28th?

[@m.hussein5216]

Yeah u can trade every day 5 times a week like one trade a day and the next day funds will be available for trade.

[@MIZTERANDERSON]

I second all those notions🤩

[@thatsdeep7058]

AMAZING VIDEO!!! AS ALWAYS !!!!

[@05weasel]

All PDT did for me was put me in a bad position where I was asking friends and family to let me borrow $25,000 to let sit in an account while I traded with the money that I put in above that $25,000. Could have gotten myself in a REALLY bad spot if I hadn’t been disciplined about losses. But because I was so scared of losing I was hopping out of trades way too fast and never giving them the chance to work. Let me risk the $1000 I can afford to lose instead of trying to come up with $25,000 that I absolutely can’t afford to lose. Edit: when are we all going to get together and petition that this be changed?

[@Thomas-lj2lu]

Nonsense, Brokers earn Money on Margin Loans. Otherwise they would bring back Stock commissions!

[@jshatfield115]

Indeed such great news

[@SlayAtHomeDad311]

TD ameritrade doest get paid from order flow, they get paid from interest on the money in the account.

[@michaelprivette9847]

I agree, having to wait a day or 2 also makes you lose more money in my opinion, because if you know you can only trade so many times…… it’s easy to get greedy and hold on to That trade longer than you should because you’re trying to milk the most money you can out of it….. then it turns on you and you lose….. vs if you had instant settlement, you could quickly lock in those profits and then jump back in if you felt it was going higher…. Basically a scalp method.

[@John-q6n3m]

Half the reason why I've been developing the bad habit of holding onto a stock while I a trade is because I'm limited on the money I have to invest in a trade and I have to wait on funds to settle... I split my cash account in half to trade everyday and I have to go with small size positions so I can practice proper entry and exits and to gain experience faster due to the limitations at hand

[@spdrcr38]

I firmly believe that the PDT rule was set up as a barrier to entry. The high balance requirement coupled with the settlement time kept small accounts under wraps and discourage retail trading.

[@brianbutler7060]

Great info. Thanks

[@robertlopez9347]

😂😂😂 I was just reading about T+1 starting in May.. No more T+2….

[@recaplrg3552]

They could take away laverage from people who don't have a history with the broker yet and have below a certain amount. But having the ability to freely trade as much as you want is a must imO.

[@Torontogonetosdon]

Agreed! This didn’t make sense.

[@pac7025]

The rules are set up so that you trade on margin as much as possible so the brokerage makes money on the money you borrow.

[@jonathancasanova9694]

Fully agree with you on this 👍

[@NinthDensity]

I’ve been counting down the days lol

[@charlypetra191]

HOW LONG until IA moving Fast... makes our day trading harder and harder.... to imposible.

[@ShortboyKennel]

It's because the brokers get bigger kickbacks from hedge funds not to so the hedge funds have more time to cover shorts, shorts is very profitable when you can manipulate the system. I bet the stocks getting shorted will be lower. And why also it takes 2 days two settle because of the cost of the cloud service to host all the billions of transactions and monitor and audit the CAIS. But it definitely isn't to protect the new trader.

[@JamesPro-yi5nl]

Do Brooker get paid from when someone's blows their borrow money because if so they probably made that tdp to force new people to take mad risk and lose alot to where they have to pay it back and now they have way more money they could have gotten from them trading daily because they owe way more money than they even have ... when I hear rule I think it's made to keep people safe yes... but also not to have too many millionaire as well ... 1%

[@cregperkins5857]

Wonderful, I am so happy

[@scotthicks1795]

I don't want to advertise anyone, genius (hint), but one broker's founder went to Washington, D.C. last year to lobby to lower the 25K requirement. He said that there's no appetite for it now, but maybe in several years.

[@SteveWeberVA]

The rationale for requiring $25K to day trade was that if you have less money than that, you probably don't know what you're doing, and you'll might lose it all. So now, beginners are forced to fund their accounts with $25K, and a lot of them lose the whole $25K. Prior to the PDT rule, if a new trader didn't know what they were doing, and blew up a $2000 account, it would be a lot less dangerous. The people who don't know what they're doing might quit -- or figure out a strategy to be profitable.

[@Billionaireben]

It's crazy, this should have been done by the 1980's. Imagine the days of Jesse Livermore, he shouts out a buy then shouts out a sell; after that he'd have to go home and not come in the next day. So, it's really not even good enough for the 1920's! Not an issue for me now, but years ago my account was frozen because of a trade not realizing it violated PDT (this year amusingly I had to violate PDT to get day trading buying power (I expected it to arrive once I had the balance lol.)

[@JN-cr2qy]

The Pattern Day Trader (PDT) rule has always only applied to Margin Accounts. If you trade in a cash account, the PDT rule does not apply.

[@deejay4837]

Margin financing is more usefully applied to shorting stock due to the mechanics of the transaction itself.