Is Charles Schwab day trading friendly?

[freeman311122]

Hi, Anyone who has/had experience with Charles Schwab,

Does Charles Schwab welcome people day trade with them? I know TD ameritrade has a daily maximum order number of 390, It seems Fidelity does not like day traders at all, do you know if Charles Schwab has a maximum number of orders you can trade per day?

Thank you so much in advance!

 

[Robert Morse]

390? really?

 

[Overnight]

Hi, Anyone who has/had experience with Charles Schwab,

...I know TD ameritrade has a daily maximum order number of 390...

Where did you come up with this number?

Besides, Schwab and TD are merging. You should seek out the Goldman Sachs. Everyone wants to trade with the Goldman Sachs.

 

[freeman311122]

Where did you come up with this number?

Besides, Schwab and TD are merging. You should seek out the Goldman Sachs. Everyone wants to trade with the Goldman Sachs.

Google “TD ameritrade 390 Reddit”, you will find the answer.

Why Goldman Sachs ? Any particular reason?

 

[Robert Morse]

The free routes do not want that type of flow.

 

[CET]

I believe the OP is talking about the 390 rule that some brokers enforce.

If you are a trader that averages 390 stock or options orders a day in a calendar month, then you could be classified as a professional trader.

https://support.tastyworks.com/supp...is-the-390-professional-orders-rule-390-rule-

 

[Robert Morse]

That applies to option orders.

I believe the OP is talking about the 390 rule that some brokers enforce.

If you are a trader that averages 390 stock or options orders a day in a calendar month, then you could be classified as a professional trader.

https://support.tastyworks.com/supp...is-the-390-professional-orders-rule-390-rule-

 

[Overnight]

Google “TD ameritrade 390 Reddit”, you will find the answer...

When I remove "Reddit" from that search string, there are zero results with "390 trades" or orders or what have you. So whatever.

...
Why Goldman Sachs ? Any particular reason?

I was just channeling an older funny there. Heh.

 

[freeman311122]

390? really?

I believe the OP is talking about the 390 rule that some brokers enforce.

If you are a trader that averages 390 stock or options orders a day in a calendar month, then you could be classified as a professional trader.

https://support.tastyworks.com/supp...is-the-390-professional-orders-rule-390-rule-

See this Reddit post,

https://www.reddit.com/r/path%3D%252Fr%252FDaytrading%252Fcomments%252Fhveq7b%252F

 

[freeman311122]

When I remove "Reddit" from that search string, there are zero results with "390 trades" or orders or what have you. So whatever.



I was just channeling an older funny there. Heh.

direct link:

https://www.reddit.com/r/path%3D%252Fr%252FDaytrading%252Fcomments%252Fhveq7b%252F

by the way, this guy said he made $1 million within a year!