O oldtime Oct 8, 2012 #11 Quote from mildguacamole: I'm young as well and would like to get in to day trading myself. I've been trading with marketwatch for 2 years with a virtual $100,000. Don't I need $25k to day trade with most online brokers? More... it's not "most" brokers, it's all brokers due to a law called PDT nowadays, most people with less than 25k just open an account at 3 different firms, I think that gives you 9 trades a week
Quote from mildguacamole: I'm young as well and would like to get in to day trading myself. I've been trading with marketwatch for 2 years with a virtual $100,000. Don't I need $25k to day trade with most online brokers? More... it's not "most" brokers, it's all brokers due to a law called PDT nowadays, most people with less than 25k just open an account at 3 different firms, I think that gives you 9 trades a week
M mildguacamole Oct 8, 2012 #12 Quote from oldtime: it's not "most" brokers, it's all brokers due to a law called PDT nowadays, most people with less than 25k just open an account at 3 different firms, I think that gives you 9 trades a week More... That's what I figured, thanks for the reply. Opening an account at multiple firms seems like it would be a lot more to keep track of.
Quote from oldtime: it's not "most" brokers, it's all brokers due to a law called PDT nowadays, most people with less than 25k just open an account at 3 different firms, I think that gives you 9 trades a week More... That's what I figured, thanks for the reply. Opening an account at multiple firms seems like it would be a lot more to keep track of.
