Stock Trading and Other Things

Online Broker and 90 day restriction? -  Stock Trading and Other Things
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Online Broker and 90 day restriction?

I started day trading with $3,000 and built it up to $43,000 in equity in only 6 weeks time by buying and selling individual stocks. The firm started giving me a day trading buying power recently with a higher amount. I used some day trading power and sold the positions the next day. They told me my account is now restricted from trading for 90 days. Since I earned such great gains I will miss doing this trading. Is there anyway I can get around this 90 day restriction? Should I ask for a check for my account value and send it to another online firm or what?

Public Comments

1. if they notice you that ur account being restricted, then there must be a reason. told to them, find out if there is other day to unban ur account.

2. Must be firm specific, no SEC restrictions. First off I would avoid day trading, but if you want to play the game (and it is a game) go to a firm like scott trade

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