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One important point new day traders often overlook is the Pattern Day Trader (PDT) rule.Wikipedia defines PDT best: a "pattern day trader is a FINRA designation for a stock market trader who executes four or more day trades in five business days in a margin account, provided the number of...
Lesson:You can start with as little as a few thousand dollars, but don't get suckered into attempting to trade for a living unless you have at least a $1,000,000 portfolio that you are prepared to lose. Once you factor in the swings of trading, taxes, cost of living, and time, ...
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