Stock Trading and Other Things

Tips about day trading?!?!?!?!Are you required to have $25000 to start day trading?

Are you required to have $25000 to start day trading? Any tips on it???

Public Comments

1. You should really study up on this and know what you're doing, b/c people have lost their shirts day trading.

2. Depends on the broker

3. Do not day trading. You need to have way more than $25k if you want to get started. Put your money into mutual fund or buy some stocks. By asking this question here, you are obviously not very familiar with the stock trade. Take it slow: try to walk first then learn to run.

4. How much capital do you have?

If you are going to day-trade, which is speculation, you should never use more than 50% of your capital; because a speculation can result in a total loss.

5. Yes, you are, by law, required to not only start with $25,000 but you are also required to maintain this amount. Pattern Day trading is defined as a maximum of 3 intraday trades per seven day period. If you exceed this amount your account will be frozen for 90 days or until you replenish the minimum required amount. However, there are ways around this law. You can open an umbrella account and trade as a sub-contractor for a larger firm with pooled buying power. Thats just one way..research and you will find a few more..but this way in my opinion is the best. You can find more info at www.worldwidetradingcapital.com

6. No!

The less you have the better.

People think they can make a living out of trading..think again.
It is very hard to crack it!

It is very easy to make wrong moves and the consequence is you lose money. Make small bets and keep your losses small.

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