Piggy news @5
$Opendoor Technologies (OPEN.US)$ $SoundHound AI (SOUN.US)$ $AMC Entertainment (AMC.US)$ $Rocket (RKT.US)$ $Robinhood (HOOD.US)$ Finra approved lowering PDT requirement of 25,000, down to only 2,000 and its sent over to the SEC for their stamp of approval.
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Piggy Bank Trader OP : “Now back to our scheduled programming”
FANCY PANTS : Isn't that only if you trade on margin? AFAIK cash accounts didn't have limits as long as it is settled cash.
Piggy Bank Trader OP FANCY PANTS : Correct. cash accounts can take unlimited trades up to the total of your account.
This is going to alllw margin for settlement, but not for margin (x2,x3,x4) you account total.
Cashcauterize : Is this like no tax on overtime, only the half time is not taxed and only up to a certain amount, I don't believe they would really help the cash cow flock I hope I am wrong.
Piggy Bank Trader OP Cashcauterize : Its jjst going to allow tou to take unlimited trades if you have a 2,000+ account and no longer be limited to 3 day trades in a rolling 5 day period. IF the SEC approves it.
Cashcauterize Piggy Bank Trader OP : super Ill ask my wife if i can add another K to my account, she gets anything over 1K still paying off my futures debacle
Piggy Bank Trader OP Cashcauterize : It still has to be approved by the SEC.