I just have a quick question for you about day trading.. I have $8,000 that I'm wanting to start investing. I've already spent the past month buying/selling stocks on zecoo.com, but I recently learned that once I use all my money one day(buying power), I don't get it back for a few more days.. in other words, I'm pretty much not able to keep buying and selling all day long. Do you by chance know of a website that would allow me to do that with the amount of money I currently have to invest. Your help would be GREATLY appreciated!!! thanks so much and take good care.
~John
Federal law stipulates that in order to day trade, buy and sell a security the same day 3 times within a 3 day period, you must have an account valued at $25,000 or greater.
Otherwise, you must wait for the settlement of your previous trades before you can reinvest this money.
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