After learning about the PDT rules and the policies of tying up cash for 3 days after a sale, it makes no sense for me to try any serious day trading on a $4 or 5 K account. I had hoped to try it and see if I could make more than 25% return. Instead, I think I'll take most of the money and get a guaranteed 25% return by paying off some plastic and just blow a grand, experiecing the mechanics of the tools and markets and then study and practice on pixels until such a time as I get completely disillusioned or have at least $30K to play with. Thanks to all for dealing with yet another newbie, and I'll probably be around for a long time picking your brains. James
It Might not be a bad idea to play with a 4-5k account because of the fact that you can still make money and although limited to 3 day trades per 5 days you can try it out part time with out going for broke ( a learning experience) And if its your cup of tea ,that 4-5k could be 30k soon enough