I hate the 25k day trading requirement
My CLOV position took a 10k hit and now I’m slightly below 25k. Fidelity said transfer 1K in 5 days or I’ll have a 90 day suspension from trading margin.
Not that big of a deal but I hate trading cash account because of the two day settlement period. With only about 34k day trading is near impossible, I need margin even though I’m not really using margin.
That 25k rule kills me though, gay bears over at Cowen really piped me. Cash accounts shouldn’t even have settlement periods, am I wrong? 🦍
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September 14, 2021 at 01:09AM