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[QUOTE]Originally posted by T e x: [QB] Well, policies vary...eg, some brokers require $30k (this is total value, btw)... but if you meet those minimums, they're not looking to flag you. They're just watching margin calls... iow, you get flagged when you're below minimum and do four day trades in a rolling 5-day period. So, yeah, at that level of round-trips, you're id'd... Actually, I think the specific language specifies "in the same stock," but peeps get hammered alla time for four round-trips in *any* stock. Again, broker policy, not the regs... That's why I suggest multiple accounts... I've never had a problem. Have occasionally fudged on "free rides" to exit a day trade...but when they contact me, I just go to the branch office (or mail) and cover. If your broker has a branch office, is a good idea to visit a few times and be friendly...at least, has been for me. I never mention one broker to another, though. [/QB][/QUOTE]
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