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stingray113

04/24/13 12:27 PM

#2764 RE: CowBoE #2763

Everything you explained is correct and applicable to all the other major brokerage firms as well.

To clarify - you can TRADE as many times as you want in an account with less than $25K but can only make 3 round-trip day trades within a 5 day period to avoid being labeled a pattern day trader.