@timothysykes I just started trading on Scottrade. How do I day trade without having 25 thousand in my account? I made a couple trades and now my accout says 3 Roundtrips until PDT Threshold. Should I open multiple trading accounts?
Finally closed out my Scottrade account. I love it when they ask why and after providing lucid reasoning; they are silent. Good riddance.
My opinion on the best penny stock brokers - Etrade and Interactive Brokers have high account minimums and don’t accept people from certain countries so it's best to for people with smaller accounts to use Questrade, Schwab, SpeedTrader, Scottrade and Fidelity. I would highly recommend avoiding brokerages like Robinhood and Suretrader. Suretrader are based off-shore, allowing you to bypass the Pattern Day Trader rule but have recieved a lot of negative reviews from previous customers. Robinhood are free but you're at a serious disadvantage to your competition, it's like showing up to a gun fight with a knife. https://www.youtube.com/watch?v=tnqadcBE57I
Added margin privileges to my Scottrade account so I can now do short sells. Also opened small ETrade account today with margin. So a total of 9 day trades per week now possible. That should be sufficient number of trades to work with as I grow my knowledge and trading ability.
[TimChallenge] That's funny you mention that because I was digging around through my first broker's account without knowing any better (Scottrade) and they list all the splits on their calendar. I was specifically looking for RGSE and went through February and couldn't find anything. #anotherreasonwhyscottradesucks lol Thanks for the heads-up.
[SuperAlerts] Scottrade let me buy DELT...but I did have to call in for IPDN shares -they are hopefully changing this soon...I sent e-mail
[SuperAlerts] Not able to buy IPDN in Scottrade, there is restriction
please advise. I know that is a lot of talk about brokers, Tim often mentioned in pretekčosti which the broker is suitable, unwanted and best, but I have a problem, until now I have had an account with Suretrader, but Tim has commented on such venture, distrustful, so you I wonder where the broker is even available in Slovenia, to tell you the conditions for opening an account: -deposite to 3500 eur. -the trusty broker, E * Trade, TD ameritrade- can not be registered for Slovenian citizens Interactivebrokers, Merrill Edge, schwa, Scottrade, questrade and many others ... deposit of 3500 EUR is too small anyone has any suggestions?