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Ep 25: PDT Party Hour! (aka Stephen Johnson’s Survival Guide to Overcoming the Pattern Day Trader rule)

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 5 February 2018

⏱️ 60 minutes

🧾️ Download transcript

Summary

Get ready, because for this episode, Stephen Johnson is taking the reins. The subject of discourse? Something that Stephen recently overcame: the Pattern Day Trader Rule The PDT (the Pattern Day Trader rule) is a thorn in the side of many new traders. In the episode, Stephen will share his path to reaching a major […]The post Ep 25: PDT Party Hour! (aka Stephen Johnson’s Survival Guide to Overcoming the Pattern Day Trader rule) appeared first on SteadyTrade.com.

Transcript

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0:00.0

For one week and one week only,

0:07.0

Steady Trade podcast main host, Tim Bowen,

0:11.5

and podcast producer Glenn Osland,

0:14.4

have entrusted Stephen Johnson,

0:16.4

a.k.a. Jeevan Stonson to create a a concept episode all by his lonesome, to explain the often

0:25.2

tricky subject of PDT. No, PDT is not a new psychedelic party drug. It is also not a passionately

0:35.3

transmitted disease. PDT actually stands for pattern day trader.

0:41.0

And it is a rule that limits the amount of transactions day traders can trade in a week.

0:47.0

Stephen has accepted this challenge and is settled upon two wildly contrasting concepts of partying and trading.

0:56.6

The only two things he actually knows. So with no further ado, we give you episode 25 of the Steady Trade Podcast, PDT Party Hour,

1:05.0

a.k.a. Stephen Johnson's survival guide to overcoming the pattern day trader rule.

1:25.6

I'm going to all me YouTube massive, the fans, and all the haters can l'all-wee-a-kka-ha-ha-ha-ha!

1:29.0

Oh, oh yeah.

1:30.8

Do it like that, Jeevan.

1:32.8

Do it like that, Jeevan.

1:37.7

So I hopped off the plan at L-A-X.

1:38.9

I had a dream and a beer.

1:41.4

Welcome to the line of film and excess.

1:42.7

Am I gonna fit in?

1:44.6

Who gives a shit?

1:49.4

I jumped in the cab, I'm here for the first same I looked at me right, I see the Hollywood scene, this is all so crazy. Everybody's kind of famous.

1:55.3

And me tummy's can to turn and I'm feeling kind of hung over. There's too much pressure

...

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