datanics
2 posts
msg #133432
- Ignore datanics |
12/29/2016 4:53:19 PM
Are unlimited day trades possible with a balance of over $25K?
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pthomas215
1,251 posts
msg #133434
- Ignore pthomas215 |
12/29/2016 7:17:05 PM
Not unlimited because you cannot trade beyond your margin allowances, sometimes called daytrade buying power. Tie up less capital with your trades and you should have enough buying power to do the trades you want.
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dashover
226 posts
msg #133436
- Ignore dashover |
12/29/2016 11:18:57 PM
Unless you use Suretrader, no pdt issues... 6:1 leverage
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miketranz
961 posts
msg #133438
- Ignore miketranz |
12/30/2016 9:09:44 AM
You can make as many trades intra day as you wish,up to your account dollar amount buying power.Margin accounts allow 4 times your account buying power.PDT "Pattern Day Trader" is a classification of 4 or more day trades within a 5 business day period.Hope that helps.Best.Miketranz...
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risjr
229 posts
msg #133439
- Ignore risjr |
12/30/2016 10:09:02 AM
Plus, you have the 3-day settlement rule..it was established by the govt to protect you?!?!
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shillllihs
6,044 posts
msg #133444
- Ignore shillllihs |
12/30/2016 12:12:31 PM
Created to slow you down. They don't love you.
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