Replies to post #15742 on Universal Energy Corp (UVSE)

[StockGrabber]

I don't know who you use, but with Ameritrade you are a considered a day trader if you do more than 4-5 day trades in your entire account in a week.

If your portfolio value with them is above a certain value (I think it is somewhere around 25-30K), then they let you trade an unlimited number of times per day with no problem.

[Ranb2khz]

ETrade considers you a day-trader if you trade (buy/sell) the same stock within a 4 day period. I have nevr tried it with my Scottrade account, so I don't know what the rule is on that one.