Can I Day Trade with $1,000 to $4,000?

In the Regulations and Requirements for Daytrading from the Regualotry Stocks Requirements or w/e its called that you must mantain a balance of at least $25,000 to day trade…

However, day trading in their definition is trading the same stock or option 4 or more times during a 5day trading period…

SO CAN I DAYTRADE WITH DIFFERENT STOCKS with the amount I mentioned (or must I hold overnight?)
what i meant was SEC REQUIREMENTS

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This entry was posted on Friday, May 21st, 2010 at 7:10 pm and is filed under day trading options. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “Can I Day Trade with $1,000 to $4,000?”

Califrich Says:
May 21st, 2010 at 7:41 pm
You will have to hold for at least three days, or at least hold onto the cash proceeds from any trade for three days. It takes that long for a trade to clear, unless you are approved for day trading, in which case you do need a minimum account of $25,000. For instance, you could buy a stock and sell it the same day, but if you used the cash proceeds to buy another stock, you would be required to hold that stock for three days before selling it.
Mark S Says:
May 21st, 2010 at 8:14 pm
You must have $25,000 in your account to daytrade. A daytrade involves buying and selling a stock on the same day. Whether you buy and sell the same stock every time, or buy and sell different stocks each time. Each round trip constitutes a daytrade. You are not required to hold a stock three days in order to sell, but unless you have a margin account, you will have to wait three days after the sale before those funds are available to trade again.
mason pearson Says:
May 21st, 2010 at 8:28 pm
You have misunderstood the rule. A pattern day trader is one who makes four trades in a five day period, it doesn’t have to be the same security. You where probably confused because the rule states four or more trades in a five day period in a single account, not a single security.

You can have a trading account and a investing account (realize day trading is NOT investing) Occasionally I will make a day trade in my investment account, (usually because I have screwed up and want out in a hurry LOL)

With only $1000 to $4000 to work with, do yourself a favor and find a mutual fund. With all the global funds out there if you want to take a risk, you can find one that is risky.
Matt K Says:
May 21st, 2010 at 8:43 pm
The answer to your question is no. You will still be subject to the same “settling” requirements, even if you trade different stocks.
I do the same thing, and the part of the trade that counts is the sell part. You must wait for the sale to settle.
Bumblebee Says:
May 21st, 2010 at 9:41 pm
Your asking the wrong question. Regardless of whether you find someone who lets you day trade or not, you simply can’t find opportunities that will grow money fast enough to cover expenses and losses from day trading with that amount of money. You should be planning on investing at least 1-2 thousand dollars in each stock even purchasing a long term position. If you have less than that you should be looking into mutual funds or retirement accounts.
Remy L Says:
May 21st, 2010 at 10:18 pm
I day trade, and now i have over 25k.
But this is it.
If you have 2000k, you can make 3 daytrades in the course of 5 business days. it doesn’t matter what company if its the same or different. 3 DAY TRADES in 5 days. if you do 4 or more your account will be locked, and you will have to fund it 25k becasue then you will be classified as a day trader.

If you daytrade 3 times on monday, you cannot do another day trade until the next monday. If you day trade once monday,tuesday,and wednesday, you cant do it again until next monday,tuesday,and wednesday.

do your research first and goodluck!

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