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发表于 2010-3-3 02:36 PM
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then how can I set up a day trade account? I didn't know this option exists.
humbletrader 发表于 2010-3-3 13:30 
LOL.
cash account: after you sell some, the money usually takes 3 days to get back into your account, but still it does not mean you could not use it to buy another right way, you can buy, then you better wait the mon** settled before selling it
Margin account: you can use your cap right away.
DT account: 1. you need $25K in the acct, 2, you buy/sell the same symbol 4 times in 5 days(for example, buy/sell A in day1, B in day2,...). comparing to Marging acct, DT acct you have 4x margin. Other than that, no big diff. |
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