No Uptick?

Discussion in 'Trading' started by MISSSNP, Jun 28, 2006.



    just to confirm:
    I was told that I needed to have at least $25000 funded in my
    account, and classifed as a pattern day trader, and therefore,
    then I can also short nasdaq issues, like INTC, without an uptick.
    True? No uptick required, if you're classified as a patterndaytrader
    with >=$25000?
  2. Not true. Uptick rule applies to everybody. Even though you are goldman with 20 billion of capital, you still need to wait for an uptick to short.
  3. gaj


  4. oh really? my bad...