Re: Futures Broker commissons/daytrading platforms
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I'm looking to daytrade with about 25-30k and I'd like to get the best deal.
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You understand that there is a $25K minimum requirement if you are classified as a PDT (pattern day trader). If you're going to swing trade, that's one thing, but to daytrade (which I wouldn't recommend) is another.
Here is the definition of PDT:
The rules adopt a new term "pattern day trader," which includes any margin customer that day trades (buys then sells or sells short then buys the same security on the same day) four or more times in five business days, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period.
-RMJ
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