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szaby_n

Registered: Aug 2012
Posts: 13

09-19-12 06:57 AM

Hello,

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

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1245

Registered: May 2012
Posts: 549

09-19-12 11:02 AM

Quote from szaby_n:

Hello,

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

NOPE. Need > $25,000.

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stevegee58

Registered: Feb 2004
Posts: 2454

09-19-12 04:13 PM

Yes you can trade intraday. BUT it's gotta be less than 4 day trades in a 5 day period.

Really dood you should be exercising your google-foo more.

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szaby_n

Registered: Aug 2012
Posts: 13

09-19-12 05:38 PM

Quote from stevegee58:

Yes you can trade intraday. BUT it's gotta be less than 4 day trades in a 5 day period.

Really dood you should be exercising your google-foo more.

I was kinda hoping that the margin part in the wikipedia article is something i don`t fully understand but i was wrong

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NoDoji

Registered: May 2008
Posts: 8125

09-19-12 08:15 PM

Quote from szaby_n:

Hello,

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

Yes, you can trade futures without worrying about the PDT rule.

Futures, however, are highly levered and should be treated like any dangerous weapon.

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Wide Tailz

Registered: Sep 2011
Posts: 1541

09-19-12 10:44 PM

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.

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