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Jeff240sx
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Scottrade just says it's a buy and a sell of the same security in the same day.
If I have 10,000 shares from Friday, added 5,000 shares on Monday, and then sold Friday's 10,000 shares later Monday - is that a round trip?

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Bob Frey
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yes
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T e x
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why?

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Jeff240sx
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Probably because of the basic wording. A buy and a sell of the same security on the same day.
cest la vie

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Ace of Spades
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Leave Scottrade...Go to a broker where you don't need $25,000 to daytrade. There are a couple out there.
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Goldnugget
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Who are those "couple broker" who don't req. 25K for day trade? I have Scottrade too, and I wouldn't mind to change them for that advantage. [Wink]
Posts: 14 | From: So. CA | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
Ace of Spades
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http://www.prodigytrading.com/

http://harmontrading.com/fees.htm

http://www.alldaytraders.com/index2.html

http://www.platinumtraders.net/index.htm

.................................................

Alldaytraders is in Jamaica, but your funds stay in a US bank, and have a great Reputation. They 9.99 commision. They let you daytrade with $2000 grant 4:1 buying power.

................................................

Harmontrading's commision is $9.95(not too bad), but hey...they let you daytrade with only $2,000 and give you 4:1 buying power with direct access.

.................................................

The best one is PRODIGY. $8 commision. Some of the best traders at IHUB recomend them. You get a great platform (OmniPRo) and it's free with a small amount of trades per month. Prodigy doesn't restrict Penny stocks like Scottrade and others have recently. Prodigy is getting a new site in a Month. But prodigy is the one to go to.

It's 100% Legal. It is a SEC rule but the way they do it is according to the law. Call prodigy and they will explain it.

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