Many times, one of the key components of penny stock trading is buying and selling one stock in the same day... how do you avoid the pattern day trader rule if you have less than 25k in your brokerage account? I've seen a few things where people claim that if you day trade say $100 worth of stock, that $100 is the only money that needs to "settle" and you can continue day trading as long as you leave at least X amount of money in your account where X = the amount day traded in the past 5 days... Is this true? seems so sketchy!
Also, Robinhood, any special rules apply here?
Submitted March 21, 2017 at 09:06PM by kSned http://ift.tt/2nzABkE
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