I'm looking for a good remote prop firm with relatively good availability of shares to borrow for shorting.
I plan on depositing and using only my funds.
I do not use leverage.
My only reason for wanting to join a prop firm instead of one of the big brokers is to be able to trade more than 3 day trades in a 5 day period under the 2001 instated SEC Pattern Day Trader Rule with an account under $25k.
I'm working with around 5 grand and would probably average around 10 day trades a week.
The PDT rule has caused considerable losses for many people. I just want the peace of mind of knowing that I can get in or out whenever I need to to cut my losses or lock in profits.
Thank you in advance for any firm suggestions.
I plan on depositing and using only my funds.
I do not use leverage.
My only reason for wanting to join a prop firm instead of one of the big brokers is to be able to trade more than 3 day trades in a 5 day period under the 2001 instated SEC Pattern Day Trader Rule with an account under $25k.
I'm working with around 5 grand and would probably average around 10 day trades a week.
The PDT rule has caused considerable losses for many people. I just want the peace of mind of knowing that I can get in or out whenever I need to to cut my losses or lock in profits.
Thank you in advance for any firm suggestions.