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OptionsHouse.com day trading
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OptionsHouse.com day trading

  #1 (permalink)
Trading Apprentice
Cleveland, OH
 
Futures Experience: Intermediate
Platform: none
Favorite Futures: ETF
 
Posts: 2 since Aug 2012
Thanks: 0 given, 0 received

OptionsHouse.com day trading

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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  #2 (permalink)
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  #3 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
Thanks: 3,572 given, 3,982 received


The limit is $25k, so if it was not the case, move your $$ to another place.

Success requires no deodorant! (Sun Tzu)
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  #4 (permalink)
Trading Apprentice
Cleveland, OH
 
Futures Experience: Intermediate
Platform: none
Favorite Futures: ETF
 
Posts: 2 since Aug 2012
Thanks: 0 given, 0 received


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.
Letís 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)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,221 received


furjaw View Post
I just opened an account at SogoTrade.com with $40,000.
Free trades for 30 days and $3 per trade thereafter.
Letís 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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