7 ms·
Very good point. Just beware that you need to have a minimum of 25k (not including the money you are trading with) to get around the pattern day trader rule. If
by freebs 12y ago
Very good point. Just beware that you need to have a minimum of 25k (not including the money you are trading with) to get around the pattern day trader rule. If you don't have the 25k then you must wait for 3 days for your cash to clear after exiting a trade. This greatly reduces the number of trades you can do and your strategy. You may want to exit a trade after gaining 10% in one day but then that money will be tied up for 3 days. If you have a total of 5k you can kind of split it up into 1k trades so you can still make a few trades until those 3 days are up.