Recent content by SplendidGray

I'm in the same boat right now and here's what I've learned: 1. It's a federal regulation that you must wait 3 days for your money to "settle" before you can trade with it. During those 3 days, if you trade with "unsettled" money it is considered a "free ride" which is discouraged by brokers...

Thank you! Here are my questions: What is a "platform" and how does it interact with a "broker"? I currently use Scottrade, now can I get a platform like AmiTrade or something and link it to my Scottrade account? How? Thanks again! PS I'm mainly interested in day trading