Although it may not be obvious, day-trading creates certain risks for brokerages and exchanges as well as the individuals doing the trading.
The higher account requiremens reduce the risks for brokerages and exchanges. For more information see
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_003881.pdf
I could try to open a fund. Any better ideas where to get it funded from?
Thanks
Mike
http://www.marketocracy.com
Once you've done that, have your performance audited by an independent third party. It could look like this:
http://www.inside-alpha.com/support-files/ifsa_perf_summary_2003-2005.pdf
With this in hand, you can start looking for investors. There's so much money around that it shouldn't be too much of a problem if you're good.
Let's make money!
Good luck
Marc
See for example this paper
http://citeseer.ist.psu.edu/275082.html
that shows day traders ("active traders") underperforming the market by -35%.
Or this one based on 135,000 daytraders in Taiwan that shows 80% of them losing:
http://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trade%20040330.pdf
Here's a pretty good summary:
http://www.investorhome.com/daytrade/profits.htm
Is that enough to open an account and start the real work?
My original work is with computers so I always have access to internet during the work… I was thinking if I open an account and start with maybe $5k day trading.
1-Do I have to pay some monthly fees for the account that I open or I wont have any expenses if I dont trade?
Any more info would be appreciated 
I have been trading IT stocks mostly (AAPL, msft, goog,…)
There's not really a big problem in beginning to daytrade, but you need to be cautious. I'd advise you read this http://www.nyse.com/pdfs/im01-9Microsoft%20Word%20-%20Document%20in%2001-9.pdf
Then, you may want to continue paper trading, but you can trade for real if you set up strict losses. When I kick up my live account, I will close all my positions immediately if I lose 20%. Then, I will go back through my journals, the charts, and more paper trading until I get it right.
You can get all expenses lists from the individual sites under their fees + comissions and/or pricing tabs. If you are unclear of what they all are, just email the brokerage (I did this with several of tradeking's fees). You will need to get used to emailing and contacting people and services you will use or look into. Half of the battle of trading is finding everything you need — brokerage, information resources, software, data feeds, etc.
I've probably spent about half my time doing those kinds of things.
I had an outstanding SELL order that is GTC on a certain stock at a certain price, before the markert was closed i checked the HI and LO for that stock, and i found that the HI was higher than the price i wanted to sell at and my order was not executed, when i called my broker they said that the HI was put by mistake and it would be corrected, although the price was reported on many websites, can it happen? and will i be able to check all the recorded transations that happened on the exchange for that stock on that particular day?
According to http://www.lim.com/pdfdocs/taq_db.pdf
The CQ binary file contains one record for each quote (Bid or Ask)