At the present time I'm unable to open a day trading account do to lack of minimum establishment funds. My question is how can I side step this issue? Off shore brokerage accounts? Seems rather cloak-n-dagger but.... I trade equities and mostly swing but my largest profitable days are due to scaling in and out. I mean much more profitable. I'd like to macro scalp perhaps 1-20 stocks, 1-10 times daily. Any suggestions? tia infolode
http://www.alldaytraders.com/index2.html I traded with this company for a few weeks and had no problems with them.
Thank-you gentlemen. I sincerely appreciate your suggestions and I wish you all profitable trades. infolode
Are you married ? Open one in your wife's name JTROS. Explore trading options. Explore trading futures. Take 10k, get your series 7 and trade prop remote.
Infolode, I had a similar ID on MoneyTec, called Overload. SEC's PDT scheme was the best thing that could have happened to me. little over 2-years ago, due to a career change, I decided to take another hard look at trading stocks. years before, I had traded the NASDAQ for 3-months before going belly-up due to DATEK's failing brokerage/servers always freezing my trades, rules that allowed industrial guys to get news 30-minutes before retail traders could, the NASDAQ constantly stopping stocks from being traded due to some volatility issue, limited number of stocks to short, and a general, overall lack of knowledge about how to trade. I too didn't have enough money to meet the PDTs requirements so I got into forex. with forex there's no rules - it's unregulated (in the sense of being able to access the global market), has no short rule, trading is never halted, currencies are traded 'round the clock 24/7, 365 days a year (the global market never "closes"), and you can literally get into it for a few hundred dollars. due to there being no set "commissions" you are not paying a $15 brokerage fee when you open a trade and another $15 when you close the same trade. you may want to consider forex trading as an alternative to stocks. also, once I burned in trading strategies, methods and techniques trading currencies, trading stocks, even the most volatile NASDAQ ones, is like child's play. after 2-years in the ForEx furnace, I can trade stocks blind-folded, with one hand tied behind my back, and still destroy equity market benchmarks. I don't even have to know what the stock is, I could trade it successfully short or long by you telling me its quotes only. If you want to get into forex you can download a demo(s) that provides you with real-time, live currency quotes. msg me and I will be happy to set one up for you. best regards, sKaLpEr