majority of people at the retail level cannot daytrade stocks over $10 unless they have $$25,000 or daytrade penny stocks the Pattern dayrader rule...SEC says you must have $25,000 to daytrade stocks. which a lot of people don't have. you mostly likely need $35,000 cause if it drops to $25,000 pdt applies. it's no coincidience that the futures trading and prop trading only took off after 2002. when the PDT rule was implemented. that is why futures trading is so popular. unless you are trading prop. but most have retail brokerage accounts.
the leverage on futures is as high as 90% or more. that is why. stocks for penny stocks have no leverage and maximum is 50% for stocks. you see guys making 20% per day but what happens if you lose 20% over a losing streak of 5 days???that is why.. i guess everbody knows that.
ADD 3000 shares 17.49 8000 shares ========== watch how price doesn't fall below my add or my entry, that is the level of trading I'm talking about. watch how price does a handle right now.