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On average, not even one. I'm just learning. I've been using ScotTrade but just got approved by TS to get going on their platform. I'm sure I will trade more but I have to watch out not to do 4 round trips within a five day period.
I don't have that much money, yet. My plan is to learn the ropes while I slowly build up my account. I've had some luck trading and have a better than average understanding of what's going on but still have a long way to go.
My first goal is to learn to choose winning trades consistantly with 100-300 shares or so with stocks from $2-$10. Next would be to average more than 5000 shares traded in a 1 month period so that the TS platform fees would be eliminated.
If I can get over those hurdles, I should be able to build my account up pretty quick and will jump in with both feet. My focus now is carefully learning as much as I can and have successful trades. Once I able to do that I will worry about the money. |
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Welcome to the forums Robert!
You know, if you trade emini's there is no pattern day trader regulations? they also have better tax treatment than equities.
Something to look into if you are interested...
If you have any questions feel free to ask, everyone is here to help
