PDT account / age

[matt5555]

I'm 18, I have $35,000 that I trade with, but its the biggest pain with only being able to trade 3 day trades in 4 days. That serverly limits my trading, and causes me to have to be ultra-selective with my trades.

I have a cash account as well, with that I am only limited to the cash that I have in my account per day.

I tried to open an account with IB last week, and halfway through the application process it said I had to be at least 21. There goes that. I heard tradestation is the same, 21.

I heard about TrackTrade, the comm. looks alright, .005 / share, 1 min, but the software doesn't look that great, although that's the least of my cocerns.

Besides, TrackTrade / myTrack, where should I look for a PDT account, where the min age is 18. It has to be a direct access broker.

Thanks

 

[Tech Analysis]

If you've got 35 large, the PDT rules won't affect you. $25k is the magic number there.

 

[baggerlord]

I found that if you accidentaly change the year you were born, IB doesn't seem to care too much. :eek:

And damn you are a rich 18 year old.

 

[KavMan]

Um

Change that account to a margin one and you should be able to daytrade

 

[Momento]

I never knew you had to be 21... to trade, or to start investing.
Very odd.

 

[TOL]

IMHO

 

[matt5555]

I need a new broker is what I am saying. The broker I use right now charges too much in commission, 12.95 per ticket, plus ECN fees. That kills me, especially since I do not like to purchase a position in one shot, I like to scale it in most of the time.