@marzsec20 So I can already day trade with my current TD Ameritrade account then? Is there a minimum balance in TD Ameritrade to be able to day trade? I am more interested in just being able to day trade vs shorting anyway. Thanks for taking the time to answer.
I can go long and short on ETrade. I used them back in 2014 and they never had shares to short. Needless to say they have gotten alot better and I can usually find shares to short. I know the feeling, sucks to only trade one direction. Definitely a handicap when the tide turns lol.
You need more than 25k to day trade (exit in and out in a day). Otherwise, you fall into the PDT rule if you get in and out within a day, in the rolling 5 business day. Your account will be locked for 90days if you do that.
@marzsec20 So I can already day trade with my current TD Ameritrade account then? Is there a minimum balance in TD Ameritrade to be able to day trade? I am more interested in just being able to day trade vs shorting anyway. Thanks for taking the time to answer.
yes, however keep in mind that the funds you use for any particular trade will remain unsettled for a day or 2. Size your positions accordingly
I can go long and short on ETrade. I used them back in 2014 and they never had shares to short. Needless to say they have gotten alot better and I can usually find shares to short. I know the feeling, sucks to only trade one direction. Definitely a handicap when the tide turns lol.
You need more than 25k to day trade (exit in and out in a day). Otherwise, you fall into the PDT rule if you get in and out within a day, in the rolling 5 business day. Your account will be locked for 90days if you do that.
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