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[QUOTE]Originally posted by T e x: [QB] [QUOTE]Originally posted by BloodHound: [qb] well i have a non margin account on scottrade, am i allowed to buy and sell a stock in the same day and wait for the funds to settle or do i need 25k to do even 1 daytrade a week? [/qb][/QUOTE]1) yes, you can. 2) no, you don't. The "alert" goes up at more than 3 round-trips in a rolling 5-day period. Get that--not in a "week," but any 5 trading days in a row. iow, weekends and holidays don't count. [/QB][/QUOTE]
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