Hi,
I am looking into trading US stocks using a UK broker as I live in the UK. Am I right in the assumption I will not be subject to the PDT rule? Given this is true what kind of leverage could I expect and what commissions/fees should I be looking for?
Say I have a 10k account I would like to trade from a basket of stocks holding for a few hours -days. Is this viable.
I am coming from a spot forex background where you risked 2% and based it on lots and stop size.
Is this correct example of the way I could trade.
I have 10k with n:1 leverage, so I can trade up to 10k*n worth of stocks?
I want to trade 10 stocks that meet my criteria for my systems.
Each stock is $10 (to keep it simple) so I can trade 10k*n/10/10 stocks in total for each symbol?
Regards
Mark
I am looking into trading US stocks using a UK broker as I live in the UK. Am I right in the assumption I will not be subject to the PDT rule? Given this is true what kind of leverage could I expect and what commissions/fees should I be looking for?
Say I have a 10k account I would like to trade from a basket of stocks holding for a few hours -days. Is this viable.
I am coming from a spot forex background where you risked 2% and based it on lots and stop size.
Is this correct example of the way I could trade.
I have 10k with n:1 leverage, so I can trade up to 10k*n worth of stocks?
I want to trade 10 stocks that meet my criteria for my systems.
Each stock is $10 (to keep it simple) so I can trade 10k*n/10/10 stocks in total for each symbol?
Regards
Mark