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| Topic | Stock Topic 19 |
| Forceful_Dragon 02/03/21 11:37:22 AM #274: | Jakyl25 posted... I learned yesterday that if you have under $25k in stocks and make too many day trades you can get labeled a pattern day trader and that limits you That specifically is why I'm holding off on doing much investing. I've got a Schwab account set up, and when I decide to sell my 5 free shares of AMC at some point (the ones I earned last week by putting in $1100 and taking it back out later that day) I'll probably move it there and do some baby trading. But the 3 day trades a week limit is pretty harsh. Ostensibly it's to "protect" investors who will ruin themselves by making bad trades, and by that logic if you have 25,000 in the bank you are a smarter person because...reasons? . But in crypto news I have so far managed to turn my free $36 into $38. That's $2 of profit baby! Still waiting for binance to verify me so I can get off coinbase. --- ... Copied to Clipboard! |
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