trading limit
So I had a few free trades left and i thought i was on my 4th one... turns out i was on my 5th one and now i cant buy for 90 days!! lol
would i be able to open up another brokerage account and just deposit some money into that?
noob me!
Are you trying to say you hit your day trade limit?
Yeah you can. Typically if you make more than 3 day trades in a 5 business day rolling period your broker will suspend your account for 90 days if you carry a balance less than $25,000. They'll also do the same thing if you "free-ride" which is trading with cash that hasn't technically settled.
yeah exactly... so i think im going to put some money in interactive Brokers.. trades are preety cheap
what does everyone think about that? i have very little cash right now since its all in another account lol so i doubt id meet the minimum :(
Don't rush to put your money in a new account(y rush to your death?). Let your past trades work themselves out. Take this time to recoup. RESEARCH, and figure out what will be your next winner. The market will be fine without you haha j/k
lol yeah... i really want to buy some stocks/ options
what can anyone reccomend... preferably low to no minimum account requirement cheap trades both for stocks and options and the ability to (possibly) trade futures
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