Is Charles Schwab day trading friendly?

Kmi, man, you didn't answer the most important question he had.

Does Schwab limit the number of stock orders you can place per day?

 

LOL, but you were so right!

 

When you go to this Reddit post, the actual rule is correctly explained in the comments

 

Whose rule? It seems to be an Ameritrade rule, not an exchange rule. Exchanges have a 390 trades rule for options. Ameritrade rule apparently pertains to stock trades.

 

Yes, you are right, it is TD Ameritrade internal rule.

 

So you are saying that TD restricts trading of stock (and not just options) to less then 390 orders a day? What about futures?

 

I don’t know

 

Doubtful since order flow is not sold for futures and you pay a commission.

 

I can't imagine 300+ trades in a day, I feel busy when I do 60ish.

I hope this zero commission environment lasts with some brokers.

 

That's manually. I can see algos doing that.