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OptionsHouse.com day trading


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OptionsHouse.com day trading

  #1 (permalink)
furjaw
Cleveland, OH
 
Posts: 2 since Aug 2012
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OptionsHouse.com suspended my account for 90 days for day trading.
My account balance never dropped below $35,000.
I do not understand.

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  #3 (permalink)
 
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 sam028 
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The limit is $25k, so if it was not the case, move your $$ to another place.

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  #4 (permalink)
furjaw
Cleveland, OH
 
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sam028 View Post
The limit is $25k, so if it was not the case, move your $$ to another place.

I just opened an account at SogoTrade.com with $40,000.
Free trades for 30 days and $3 per trade thereafter.
Let’s say that I do 4 day trades in one week.
Then I would be identified as a Pattern Day Trader.
What would happen after that?

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  #5 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
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furjaw View Post
I just opened an account at SogoTrade.com with $40,000.
Free trades for 30 days and $3 per trade thereafter.
Let’s say that I do 4 day trades in one week.
Then I would be identified as a Pattern Day Trader.
What would happen after that?

Nothing. PDT rules only restrict accounts with less than 25k.

Mike

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Last Updated on August 5, 2012


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