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The sad part is you need $25,000 min. in your account to day trade the ETFs even if you trade only 50 shares, as per the Pattern Day Traders Rule. No wonder so many newbies blow up their small accounts in no time in Index Futures. |
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Only if you make so many round trades a week. And while I may be mistaken, so far he's said nothing about daytrading.
In any case, there's no PDT regarding simtrading. And if he becomes confident in what he's doing, he may decide to explore the joys of holding overnight.
