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stevegee58
 

Registered: Feb 2004
Posts: 2405

 

09-19-12 11:34 PM


Quote from Wide Tailz:

Isn't it strange how the futures & forex markets, what with their huge leverage and no PDT rule, almost seem as if they were designed to shake the money out of small accounts?



Then there are stocks..... completely opposite, to the point where it almost feels like Your Mother is protecting you from yourself.



It always struck me as odd too. But the CFTC has their own motherly protection with leverage limits, no hedging etc.

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oraclewizard77
Moderator

Registered: Jan 2006
Posts: 2290

 

09-20-12 02:13 AM

You can if you join a prop firm and get a series 7.

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comintel
 

Registered: Jun 2008
Posts: 1077

 

09-20-12 04:07 AM


Quote from szaby_n:

Hello,

If i have a 5000 $ cash account at my brokerage can i trade intraday without being flagged as a pattern day trader?



Actually yes you can, subject to the below.

Pattern day trader rules do not apply to a CASH account.

However with a cash account, proceeds of trades will be held 3 days under the three day settlement rule (since the broker cannot advance them to you without a margin account). So it is not very practical for that reason.

P.S. It would be helpful to indicate the subject of your post in the title.

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