I somewhat agree. My point was that you claimed (because of a website you referenced) that you HAD to be in a 25k+ margin account to continue...
You can read right? .. You know what the following sentence said ? Day trades can occur in a cash account only to the extent the trades do not...
I've never used either ToS or IB although I wouldn't imagine ToS follows that rule because if I remember right Penson clears for them. Penson...
I'd rather base it on the rule on FINRA's page specifically addressing this then a blurb on the SEC page:...
That site you quoted is wrong. If you're in a cash account (on the majority of brokers) you can make as many daytrades as Reg T will allow you to...
Ok, then they wouldn't have access to your credit history, like you said earlier. The banks run off something called Cheqsystems or something...
See I completely agree with the statement that a bank you have a line of credit with (mortgage, credit card, etc) can pull your credit. It'd be...
If my bank pulls my credit report then they do it without me knowing about it, without showing up on my credit report, and never deny or approve...
They don't do credit checks when you open an account in the U.S. - If they do then they must not be doing it in Florida because I've never had one...
PDT rules apply to margin accounts only. Some brokers enforce the rule properly, some enforce it on all (cash and margin) accounts, which is...
You contradicted yourself when you said you have to have $25k and followed it up with no margin allowed. Either you have a margin account and...
OptionsHouse - $9.95 a trade, no per contract etc. Simple web based platform, no bells and whistles which is perfect because if you've been...
I don't remember the exact details to those sales except they were OTM and the bid/ask spread was small, if only a few pennies. The order was put...
Still learning options to a good degree but wanted to know about the Qs and if something I've experienced a few times is normal. (Preferably...
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