Thanks Charlton,
My concern is that without pattern day trading status you are limited to only 3 intraday trades in 5 and in a cash account you are limited to the T rule, again in effect limiting yout trading cash to every three days while you wait for funds to settle. To really make many...
Perplexed newbie. When opening a new account are there any tricks or special ropes to be aware of in establishing a pattern day trading status, other than the required minimum account balance? Do the brokers qualify you based on length of experience, income level etc. or is permission to...