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And yes, Day trading accounts require a minimum of $25k at all time to be able to conduct day trading operations
False you can day trade with as little as $500 with SureTrader or another prop firm. They give you 6:1 intraday and 2:1 overnight.
There are quite a few ways (prop firms) around the pattern day trade rule of $25k minimum balance.
Side note, with longer term investments (3 days+) you can start an account with Merrill Edge, TD, etc with less than $1k. I started my Merrill Edge with a couple hundred bucks a few years ago.
Yes your right, I guess I should've clarified that I was not addressing prop firm's
Just the major retail brokers that provide the easiest and safest access for beginning users
Yea I blew my first $5k in 2 weeks with 10:1 leverage. I was like a kid in a candy store smh. Sometimes you have to "pay" for an education. I definitely did..
A great trader told me the best way to learn is to lose money. Even after hearing that I still had to learn the hard way.