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ChannelTrader

12/27/06 9:34 PM

#11448 RE: realest #11444

Realest, if you have a $25,000 balance with Scottrade you can flip till your hearts content.
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bad1968ss

12/27/06 10:07 PM

#11452 RE: realest #11444

Day Trading

(iv) Special Requirements for Pattern Day Traders
a. Minimum Equity Requirement for Pattern Day Traders - The minimum equity required
for the accounts of customers deemed to be pattern day traders shall be $25,000. This
minimum equity must be deposited in the account before such customer may continue
day trading and must be maintained in the customers account at all times.

http://www.nasd.com/RulesRegulation/NoticestoMembers/2001NoticestoMembers/NASDW_003880?ssSourceNodeI...
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Cote

12/28/06 8:30 AM

#11468 RE: realest #11444

Not if you have 25,000 in your account and follow a few other requirements.

It would not be for most people on this board anyway, first, because most messsage board investers don't have the money and second they don't have the stomach for day trading and third and most important don't have the smarts.

Too much complaining in these message boards. After all its an investment. Sometimes it takes time for "investments" to make money. Let the company do its daily job in order for us to go foward...that is why I am NOT a day trader. Things take time...

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COTE