Pattern Day Trader

Discussion in 'Retail Brokers' started by topguntrader, Jan 19, 2002.

  1. I am going to use my retail broker to make day trades in the morning before I go to work. That should be hopefully in the next couple of months as soon as some of my stocks rebound and I can close all my long positions and be 100% liquid for active trading..I definately want to use the 4x1 margin. I heard some retail brokers set stricter rules on margin limits...My broker says they will allow 25% margin requirement but Ill beleive when I see it.

    .....I want to know what kind of experiences any of you retail traders have had using the new 4x1 margin rules..Tell me all the good and the bad so I can be prepared
    Thanks I appreciate your response..