QQQs a pattern day trade?

Discussion in 'Retail Brokers' started by deadreader, Sep 24, 2002.

  1. Do the QQQs count as a pattern day trade (I have less than 25K) .. just wondering if ETFs count as daytrades like stocks do with IB.

  2. mgkrebs


    Oh Yeah.
  3. deadreader
    My brother trades options on the Qs with small account. it is so cheap through IB and options settle in 1 day so your cash is available quick. He trades ITM options which have really good delta near 100% they trade just like the stock. If you are trying to scalp it is hard because of the minimum .05 spread on the options but they work great for short term intraday trading.
    good luck ...... Nas
  4. do you really want to piss the spread on those contracts before you even try and make a profit??

    you do realize that you are essentially paying up to some schmuck for no good reason...

    just my .02