Quick question

Discussion in 'Professional Trading' started by szaby_n, Sep 19, 2012.

  1. szaby_n



    If i have a 5000 $ cash account at my brokerage can i trade intraday without beeing flagged as a pattern day trader?
  2. 1245


    NOPE. Need > $25,000.
  3. Yes you can trade intraday. BUT it's gotta be less than 4 day trades in a 5 day period.

    Really dood you should be exercising your google-foo more.
  4. szaby_n


    I was kinda hoping that the margin part in the wikipedia article is something i don`t fully understand but i was wrong
  5. NoDoji


    Yes, you can trade futures without worrying about the PDT rule.

    Futures, however, are highly levered and should be treated like any dangerous weapon.
  6. Isn't it strange how the futures & forex markets, what with their huge leverage and no PDT rule, almost seem as if they were designed to shake the money out of small accounts?


    Then there are stocks..... completely opposite, to the point where it almost feels like Your Mother is protecting you from yourself.
  7. It always struck me as odd too. But the CFTC has their own motherly protection with leverage limits, no hedging etc.
  8. oraclewizard77

    oraclewizard77 Moderator

    You can if you join a prop firm and get a series 7.
  9. Actually yes you can, subject to the below.

    Pattern day trader rules do not apply to a CASH account.

    However with a cash account, proceeds of trades will be held 3 days under the three day settlement rule (since the broker cannot advance them to you without a margin account). So it is not very practical for that reason.

    P.S. It would be helpful to indicate the subject of your post in the title.