News Focus
News Focus
Post# of 5030313
Next 10
Followers 22
Posts 2743
Boards Moderated 1
Alias Born 03/06/2001

Re: Casprs1 post# 14235

Sunday, 02/08/2004 10:00:02 AM

Sunday, February 08, 2004 10:00:02 AM

Post# of 5030313
I have been told three round trip trades in a five trading day period. If you do more than three (four or more round trip trades within the trading day) within 5 days, you are subject to the pattern day trader rules.
I use Schwab, and am considering going elsewhere only because the commission is quite high - $14.95 a trade for up to 5,000 shares or 3% of priciple if trading a stock less than a dollar. Schwab has the money available immediately once the sale of your shares goes through but, as I'm sure you all know, you must sell before you use the money to cover a buy of something else.
I am considering Scottrade, or Freetrade or any others you might find to inform us about. I am no longer considering E-trade after reading this tidbit about their account manipulations. I might check with Scwab about getting in Cybertrade, from what I hear, it is supposed to be the most superior trading platform of them all.
Any information to help guide me would be GREATLY appreciated. I have Medved quotetracker, and I am considering setting up e-signal for my feed, I am also set up to use Big Easy Investor, and I LOVE it and Medved Quotetracker.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today