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Hi, I am looking into trading US stocks using a UK broker as I live in the UK. Am I right in the assumption I will not be subject to the PDT rule? Given this is true what kind of leverage could I expect and what commissions/fees should I be looking for? Say I have a 10k account I would...

Yeah it will, I just go back from 2015 and not much happened from now till then. Point is this, other global events could happen any-time and give the markets a shot of adrenaline. If you trade a wide variety of uncorrelated instruments some are bound to be moving a lot of the time.

So newbie raises 20k from family/friends then blows that, now they are in debt. Better to let someone blow a small amount before they realise they aren't going to be successful.

Thanks Ninna, I will be paper trading until I make profit for a few months continuously, that might take 3 months or 12. Of course you are correct on the other questions. Mark

Hi folks, I am looking into trading index futs, the main reason is I want a bit of leverage and start of with a smaller account. I plan to use a semi automated method with a few strategies running. What is a minimum starting amount you would say to keep you in the game for a while and...

I see, so someone with 25k or more to trade magically becomes a better trader than someone with 10k. Seems arbitrary to me, how did they come up with 25k what's the reasoning?

Are you saying this because of the PDT rule? Or because of the cost of trading represents a large proportion of your position on a trade?

So your logic is , I can't day trade a small account therefore nobody else should be allowed to? I would think there have been a few traders who have successfully taken a small account to over 25k, however I agree is easier to start with a decent nut.

So you suggest holding trades for a few days to a week? Could you buy 30 different. stocks and hold the them for a few days without falling prey to pdt rule?

Does this law only apply in USA? I am from UK so if I choose a UK broker that allows me to trade US equities, will I still have to follow this silly rule? If so I guess I can trade CFD's?

Wikipedia page has this http://en.wikipedia.org/wiki/Pattern_day_trader If you buy the same stock, at 3 different times in the same day, and close all of that same stock in one trade, that will be considered 3 day trades. The next day trade in the next 4 business days will freeze your...

Ah Ok, thanks.

Does the PDT rule apply to one stock? So I trade ABC one week (once) and XYZ the same week, does that count?

Regarding the rule, if you trade a basket of stocks but never the same stock in the same week twice, are you still deemed by the rules to be a PDT?

Ok thanks, was worried it was a fishing expedition.

Do the entrants need to show their source code if they win?

I would advise using C++, its the standard for writing automated systems for a number of reasons. If you have to use a toy language that is "easier" to develop in but makes you latest quad core run like a 386 then you should hire a real programmer.

How are you guys compounding, every trade, each week, month,year or based on equity highs?

Not what I was looking for , but thanks.

I am Mark, I was using my partners login. Ah thats better. Mark