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Trader S77

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Trader S77

Re: Mick Dodge post# 16085

Monday, 03/15/2010 2:25:09 PM

Monday, March 15, 2010 2:25:09 PM

Post# of 111214
Yes E*trade abides by that rule.. which states you must have 25K in your brokerage account in order to day trade consistently (more than 3 round trips within a 5 trading day period).

If you do not have 25K in your account and you make more than 3 round trips within those 5 trading days.. you will be flagged as a day trader and must meet a call which is a minimum of 25K to have your account unrestricted.

Restriction limits you to using cash only.
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