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Post# of 21990
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shanak10

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shanak10

Re: lp555sss post# 10891

Thursday, 09/14/2017 6:28:42 AM

Thursday, September 14, 2017 6:28:42 AM

Post# of 21990
If you have less than 25k in your account you cannot be a pattern day trader and have to wait 3 days for funds to clear. However, if you set up a margin account (and I stress do not use your margin account to borrow money for trading) it will allow you to use the money before the 3 days it takes the money to settle. Keep in mind that you will still not be allowed to day trade more than 3 times in 5 days until you have 25k in your account. You can swing trade as much as you want.
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