Day trade call
Buying power – Your day trading power will be four times the New York Stock Exchange (NYSE) excess as of the close of business on the previous day. The ‘time and tick’ method of calculating day trading is acceptable. If you exceed this limitation a margin call will be issued. It just means you cannot day trade multiple rounds on stocks unless you get the balance back up to $25,000. You are not being punished globally or being black balled across the industry. They just have a minimum account balance for day trading stocks. Many people I know have small accounts there and day trade futures all day long. Day Trader: A day trader engages in long and short trades in an attempt to profit by capitalizing on the intraday movements of a market’s price action resulting from temporary inefficiencies in