Will a 1000$ be enough to start a scottrade account. Also do you need a minimum of 25k to day trade using scottrad, for example if i buy a stock monday evening will i be able to sell it tuesday or do you have to wait for 24 hours to pass also can you make more than one buy a day.
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.
In order to simply open an account… with scottrade your $1000 is plenty.
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