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The $150,000 requirement is because the clearing firm does not have a system in place to stop a margin call at the time of entry. The $5mm requirement is because the clearing firm does not have a system in place or does not want one, to monitor day trading margin based on "time and tick". If the...

There are no different rules based on where you reside. FINRA has three equity levels for PM. Without going into too much detail, those levels are $100,000, $150,000 and $5mm. Those are regulatory maintenance levels. Brokers ask for more to start. Most online brokers with their own software can...

I'm finding most of this thread confusing. I do not see where the CBOE had it wrong on REG_T Margin and I do not know what you mean by PM requirements outside the USA. PM is an OCC risk based margin system. It is available to foreign accounts on US equities. It is not the same as a foreign...

I'd like to say no, but I'll need a specific example.

Let quickly define the "Opening" for a listed stock. It is the opening price based on the auction at the Primary, not the first trade posted from another ECN, Exchange or Dark Pool. That should be your expectation.

Yes, then you want to make sure you set up the order to hit the primary. Our software just defaults to the primary for all MOO, LOO, MOC and LOC orders. Maybe IB does too for their Pro service. I expect it might not on the Lite.

Well, you can't do that anymore. I once invested in a Barrel of Whisky. It cost me about $1100 and after 9 years I sold it for $3000. I should have bought 10 of them!

We do not offer free routing, but in additional to Lightspeed Trader, we also offer Sterling Trader Pro, Realtick and limited to larger small cap customers, DAS.

Are you using their free route or their DMA routes?

The automatic assignment is based on the closing price of the primary exchange at 4pm est for stocks. You can, as the buy, for any number of reasons choose the do something different than the automated process. If it were OTM, you can submit an exception to exercise. If ITM, you can submit an...

Can you ask me a specific question? There was a lot there.

The PDT rule often creates more risk for traders just below toward the end of the day. A day trade often turns into a swing trade in the hope to make money and get back over. What was a $1000 loss can turn into a $10,000 loss. IMO, it can create a lack of discipline.

CPI Data, Earnings Season Continues, and Small-Cap Risers https://lightspeed.com/active-trading-blog/traders-recap-lightspeed-february-17-2024?utm_content=282873482&utm_medium=social&utm_source=linkedin&hss_channel=lcp-212580

Are you saying to buy $10,000 of AAPL it requires $7000?

What is max equity leverage in a Canadian account?

I also agree that the PDT rule needs to be changed, I would prefer to see smaller accounts with less leverage vs being limited to the number of day trades. But there is and has been a solution. You can trade Futures. Futures have the same margin requirement for a $50mm account as it does for a...

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In an equity account, a regulated trading account, the broker needs to accept the LTA and that person as someone they will allow that function. We do quick background checks. What if that person is barred from the business or has financial felonies etc. On the Futures side, there is all that...

Do any futures-only brokers?