I am interested in starting an account to trade stocks, but I am very confused on what being a day trader means, and the minimum account balance needed to do so. I am interested in buying and selling stocks within the same day, but not with a margin account; would that still require me to have a minimum account balance of $25,000? If I do have to have that amount, what is my limit of trades per day/week without becoming a "pattern day-trader"? Thank you in advanced for your response.
Hi Joseph Cummings welcome on board IMO you better start from the beginning... and you want to trade? learn learn learn before you lose all your money on the first trade ... you will find some info here http://stockaholics.net/forums/educational-videos-and-material.20/ google search and you can find a lot info http://www.finra.org/investors/day-trading-margin-requirements-know-rules https://en.wikipedia.org/wiki/Day_trader http://www.investopedia.com/university/how-start-trading/how-start-trading-trading-styles.asp http://www.investopedia.com/university/how-start-trading/how-start-trading-trading-styles.asp good reading and good luck..... I am sure someone better then me (I am limited in English) will help you further
