Stock Trading and Other Things

any brokerages that allow active day trading without putting restrictions?

i think it is a rule that you are only allowed 4 day trades in a 5 day period and thats if you have a 25000 dollar equity. are there any brokerages that dont have these rules because these rules are keeping me from making a lot.
oh thats just dumb

Public Comments

1. The rules come from SEC regulations, so, no, there are no exceptions.

2. If you make more than 4 daytrades in a 5 day period, you will be labelled a "pattern day trader" and will not be allowed to make anymore daytrades unless you have at least $25,000 in total equity in your account. Your account will be frozen for 90 days. All brokers are required to do this by Federal laws. Even overseas brokers are required to do this if they trade U.S. stocks.

Quoting from the first link below:
"If a trader is classified as a pattern day trader according to the SEC definition, and the trader does not have the required $25,000 deposit, their trading account will be frozen for 90 days. Once this happens, the trader will either have to deposit enough equity to bring their trading account up to the $25,000 limit, or wait until the 90 day hold has expired. "

3. Try day trading once or twice a week till you reach $25,000 in equity.