/biz/ - Business & Finance

I recently changed my Schwab taxable account to cash from margin so that I can avoid the PDT rules. Really enjoying it. Can do these kinds of quick trades for as long as I have free cash, and since options settle overnight those funds are free and clear the next day. Until I'm not a sub $25K marginlet I really can't see going back to those damn PDT restrictions. I've found that options nearly will always give you 1 or 2 chances to bail out, usually with some profit even if it's a tiny win. It might be a fleeting moment, but doing these small momentum trades as much as you can really adds up nicely. Basically just watch for those huge ramps, jump in and jump out, good for a nice 10-20% realized gain and there you have it.