Like others here, I get conflicting information. IB chat told me that I can buy and sell equities all day in this account, but when I pressed for some more information on this, she showed me the communique release and said that is all the information they have. Does anybody have this account? And have you tried to daytrade the full amount of this account? What were the results?
Yes, I have. And you're limited by the PDT rule as far as I can tell. As soon as I close my transaction, my account has the full account amount ready for me to enter another trade. I love it. No more waiting for the archaic three day rule...it's great.
Still a little confuse here, so sirpangolin you are able to flip stocks intraday then??? Buy and sell, buy and sell etc. I am trying to find a broker that I can trade all my cash at least once per day ... no T+3 Thanks for any help,SS