StockFetcher Forums · General Discussion · How to Avoid “Deer in the Headlights” Syndrome<< 1 2 >>Post Follow-up
riro
25 posts
msg #52129
Ignore riro
6/11/2007 12:12:48 AM

TheRumpledOne
You say $4000 isn't enough to daytrade, what about stocks in the range of .10 to 1.00?

nikoschopen
2,824 posts
msg #52130
Ignore nikoschopen
6/11/2007 1:09:11 AM

The SEC (the US securities and exchange commission) imposed a restriction on the day trading of US stocks and stock markets. This restriction effectively prevents what the SEC calls "pattern day trading", which SEC defines as 4 or more day trades (a day trade being any trade that is opened and closed within the same trading day) within 5 trading days. This means that even one trade per day would classify the trader as a pattern day trader, and the restrictions would then apply, unless the trader maintains at least $25,000 in their coffer.

StockFetcher Forums · General Discussion · How to Avoid “Deer in the Headlights” Syndrome<< 1 2 >>Post Follow-up

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