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In the United States, a pattern day trader is a Financial Industry Regulatory Authority (FINRA) designation for a stock trader who executes four or more day trades in five business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period.
Scottrade was a stockbroker and electronic trading platform that operated via mobile, ... social security numbers, and other sensitive account data. [13] ...
“With a margin account, they don’t have to wait: They can access cash instantly,” says Watts. “You still have to pay interest for those three days, but it’s minuscule.” For instance, a ...
Keep your margin account topped up at $25,000 to keep your account unfrozen. If you don't have that kind of cash, there are other ways to trade stocks. Small accounts can trade stocks, too.
The minimum margin requirement, sometimes called the maintenance margin requirement, is the ratio of (stock equity − leveraged dollars) to stock equity, where "stock equity" is the stock price multiplied by the number of shares bought and "leveraged dollars" is the amount borrowed in the margin account.
If you want access to the best stocks in the market, then having a brokerage account is an absolute must. But compared to opening a bank account, the process for setting up a brokerage account can ...
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