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I somewhat agree. My point was that you claimed (because of a website you referenced) that you HAD to be in a 25k+ margin account to continue trading past 3 trades in 5 days or you'd be labelled PDT and locked out from buying again. That is entirely incorrect. You've apparently changed your...

You can read right? .. You know what the following sentence said ? Day trades can occur in a cash account only to the extent the trades do not violate the free-riding prohibition of Federal Reserve Board's Regulation T. It's not really feasible without margin to successfully daytrade stock...

I've never used either ToS or IB although I wouldn't imagine ToS follows that rule because if I remember right Penson clears for them. Penson clears for two of my brokers that understand cash accounts are exempt from the PDT rule (to the extent of Reg T). Maybe this fact is irrelevant though, I...

I'd rather base it on the rule on FINRA's page specifically addressing this then a blurb on the SEC page: http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/DayTrading/P005906 And from that page is this: Does this rule change apply to cash accounts? Day trading in a cash...

That site you quoted is wrong. If you're in a cash account (on the majority of brokers) you can make as many daytrades as Reg T will allow you to make and not have any problems. If the cash you have (in a non-margin account) and the size/type of trades you're making allow you to make 6 day...

Ok, then they wouldn't have access to your credit history, like you said earlier. The banks run off something called Cheqsystems or something along those lines. You open an account at BAC and then overdraft the crap out of your account and never repay it then go and try and open an account at...

See I completely agree with the statement that a bank you have a line of credit with (mortgage, credit card, etc) can pull your credit. It'd be retarded to think otherwise. The statement I'm disputing is that some people apparently think opening a checking account is causing the banks to pull...

If my bank pulls my credit report then they do it without me knowing about it, without showing up on my credit report, and never deny or approve anything based on whats on my credit report. All of which I highly doubt happens because it would defeat the purpose of checking it. I'm aware of all...

They don't do credit checks when you open an account in the U.S. - If they do then they must not be doing it in Florida because I've never had one done on any account I've ever opened.

PDT rules apply to margin accounts only. Some brokers enforce the rule properly, some enforce it on all (cash and margin) accounts, which is wrong. The bigger problem is with T+3 if you're trying to daytrade stock in a cash account and is the only real thing that prevents you from doing it to...

You contradicted yourself when you said you have to have $25k and followed it up with no margin allowed. Either you have a margin account and need 25k to satisfy PDT rules or you have a cash account with any $ amount in it and the PDT rules don't apply.

OptionsHouse - $9.95 a trade, no per contract etc. Simple web based platform, no bells and whistles which is perfect because if you've been trading a while I'd assume you have your own tools and aren't going to change how you do things to fit the broker so it's fine.

I don't remember the exact details to those sales except they were OTM and the bid/ask spread was small, if only a few pennies. The order was put in about 11am both times and the volume was probably around 2000/3000 at that time and finished the day both times above 6000. With nothing else to do...

Still learning options to a good degree but wanted to know about the Qs and if something I've experienced a few times is normal. (Preferably for someone who deals with options on QQQQ) Details are options on the Qs, end of day volume was around 6000 - 7000 and the contract size was around...