Thursday, February 16, 2012 9:07:40 PM
To day trade, you have to have 25,000 in your account. If they mark you as a "pattern day trader" (basically means not holding overnight) they threaten that your account will be shut down until you supply the 25,000 for your account.
I believe this is because of NASD trading rules instituted in 2001 or so.
Always screwing the little guy, eh? :)
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