I think that www.patterndaytraderrule.com site explains NASD Rule 2520 pretty well. You are not taking what they are saying for what it means....
I apologize if I came across as rude in my last post. However, theres no reason to argue about it. It simply cannot be done that way. Lets...
Come on, was that a serious post? No, it cant be done like that. A broker cannot decide to trade a stock that the exchange has halted, How are...
This can happen with pretty much any firm on NYSE orders. It is part of the game and has to do with the orders going to the floor of the exchange....
Thats nothing new, its always been mostly negative feedback here. The worst thing you can do is say your making money and try to explain how....
Nope. Don't count on ever seeing bullets again. They dont generally make any regulations LESS restrictive, they only tend to make them MORE...
Just open a foreign corporation, transfer the money into its name, open a brokerage account, get checkwriting and debit card thru the broker. I...
I know my buddy has had an acct with Alliance (www.alldaytraders.com) for I think almost 2 years now. He hasn't had any problems. He day trades...
No, you don't calculate every trade, you just use the totals. All you need is your schedule D for the year.
Yes, you can short on a dwontick thru ARCA. I do it almost every day. The reason they can do this is because ARCA is its own exchange (they...
The first hour is the best time to trade. That is where the Volume and Volatility are. Day traders want and need those 2 things to take larger...
How about "Snobby Connecticut Pricks" :D ? Thats more descriptive.
I dont think thats a surprise to anyone who ever had an account at Aneritrade or Etrade. They are notorious for holding trades, especially in a...
US brokers do not report any tax information to foreign governments. They only report 1099 info to the US. So theoretically (of course), your...
Easily, its the 1st hour and a half (9:30 - 11am) and the last hour (3 - 4pm).
I found a site that gives a fairly comprehensive description of the Pattern Day Trader Rule (NASD rule 2520). The site is:...
The only requirements for most prop shops are around $5,000 deposit and a face (and the face is optional). As long as your putting down money most...
Its an NASD/SEC rule (NASD rule 2520), the restriction is the same for all US brokers. There are foreign brokers who will allow you to pattern...
I can do GTC Stops through www.realfasttrader.com as well.
They way I figure it should be done is as follows. It should be the margin rate divided by days in a year. That number times debit amount times...
Separate names with a comma.