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The thinkorswim trading platform, ... Instead, pattern day traders must maintain at least $25,000 of equity in their accounts or they will not be able to day trade, according to FINRA rules.
In the United States, a pattern day trader is a Financial Industry Regulatory Authority (FINRA) designation for a stock trader who executes four or more day trades in five business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period. [1] A ...
Essentially, the pattern day trading rule was put into place to help protect smaller investors. As trading systems and the brokerage world evolved, individual investors gained access to placing ...
Thinkorswim, Inc. was founded in 1999 by Tom Sosnoff and Scott Sheridan as an online brokerage specializing in options. [2] It was funded by Technology Crossover Ventures. [3] In February 2007, Investools acquired Thinkorswim. [4] In January 2009, it was acquired by TD Ameritrade in a cash and stock deal valued around $606 million.
Literally speaking, day trading means buying and selling a security, usually a stock, within the same day. But with the speed of technology -- and the insatiable appetite of traders to capture ...
This guide can help you get started with day trading. To profit in day trading, you'll need professional-level skills. Read on to learn more.
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