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Re: fretboy post# 6872

Friday, 06/08/2012 11:57:56 PM

Friday, June 08, 2012 11:57:56 PM

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You have to have at least 25k in your account to day trade like that without getting your account restricted. the traders with smaller balances can only day trade 3 times in a rolling 5 business day period. Its an industry regulation, not a broker by broker thing. If your broker is not enforcing the pattern day trader rule they will be in big trouble with the SEC. Offshore brokers can get away with it though
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