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To “protect” you from overtrading, the sec prevents you from placing more than 3 day trades over the span of 5 business days within a.
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I am looking for a broker that doesn't have the pattern day trading rules for those without $25000 to deposit. The pattern day trading rule explained. Start with as little as $1000 for a cash account or $2000 for a margin account. Web finra rules define a pattern day trader as any customer who executes four or more “day trades” within five business days, provided that the number of day trades.
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Rule 4210 defines a pattern day trader as anyone who meets the following criteria: Real time quotes24/7 professional supporttrading the marketsfree & unlimited demo Get 4 to 1 buying power. The consequences for violating pdt vary, but can be inconvenient for investors who are not.
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