Day Trading

Discussion in 'Retail Brokers' started by furjaw, Aug 5, 2012.

  1. furjaw

    furjaw

    OptionsHouse.com suspended my account for 90 days for day trading.
    My account balance never dropped below $35,000.
    I do not understand.
     
    #1     Aug 5, 2012
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  2. thunderbolttr

    thunderbolttr

    Did you exceed your buying power such as, for example, buying non-marginable stocks using margin?
     
    #2     Aug 5, 2012
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  3. furjaw

    furjaw

    I don't think so.
    I just opened an account with SogoTrade.com.
    Free trades for 30 days.
    $3 per trade thereafter.
    Let's say that I do 4 day trades in one week.
    Then I would identified as a Pattern Day Trader.
    Then what?
     
    #3     Aug 5, 2012
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