the 25k min for most trading accounts; workarounds?

[CYstyle]



Signing up for options accounts, for instance, they require you to list net worth, income, etc... it's a bewildering form because it will get rejected if not meeting a certain threshold (which they will not tell you). Anyone know what the thresholds are?
And by the way, margin accounts are required for trading shorts and using options. Which I find stupid as I have no interest or intention with trading on margin.

But you said you want to trade and you want to short. Think about it. A trade with cash, when you sell it takes 3 days to clear. Your funds are unavailable for 3 days. If you want to trade you need margin so your funds can become available for use right away. Also if you want to short, it's not gonna work without margin. If it were a pure cash thing no margin, if you shorted 10k of blah, and it went up 5% you'd owe your broker $500. What if you don't have $500? The broker would have to close down shop

 

[Gamster]

I've turned $2500 into $13,000 in 13 months day trading from a cash account revolving the money by trading 25% of my balance daily so I have the cash clearing daily from the total equity. If the pattern day trading rule didn't exist I'd be at $200,000 by now easily. This rule only keeps lower income people from becoming successful while allowing the rich to become richer. It takes 4 days for cash to clear so if you use 25% of your portfolio day trading each market day you always have that amount clearing for trading each day. I can beat the pattern day trading rules but can't make the money I could by being limited to my investment amount. This rule makes you either make less money or take on more risk by forcing you to hold positions instead of taking the quick profits. Whoever thought this rule up is a moron.

 

[Gamster]

I can copy and post my trades to prove I am not lying. I have no interest in doing so. I just am looking for a way around the PDT rule and hoping someone can help out. I'll post a week of trades just so you know what I do is for real. Do the math if you wish for my trades this week.
03/21/14 Sold 10,000 of FITX @ $0.0979 (Order #2715) 971.98 03/21/14 Bought 10,000 of FITX @ $0.0938 (Order #2713) -944.99 03/21/14 Sold 100,000 of UTRM @ $0.0084 (Order #2705) 832.99 03/21/14 Bought 100,000 of UTRM @ $0.008 (Order #2703) -806.99 03/21/14 Sold 200,000 of RFMK @ $0.0044 (Order #2697) 882.99 03/21/14 Bought 200,000 of RFMK @ $0.0042 (Order #2695) -846.99 03/20/14 Sold 10,000 of HYSR @ $0.0535 534.98 03/20/14 Sold 10,000 of HYSR @ $0.0536 (Order #2685) 528.99 03/20/14 Bought 20,000 of HYSR @ $0.0521 (Order #2679) -1,048.99 03/20/14 Bought 74,975 of VMGI @ $0.0121 (Order #2671) -914.19 03/20/14 Sold 74,975 of VMGI @ $0.0139 (Order #2672) 1,035.13 03/20/14 Bought 516,976 of SUTI @ $0.0009 (Order #2669) -472.27 03/20/14 Sold 516,976 of SUTI @ $0.001 (Order #2670) 509.97 03/19/14 Sold 50,000 of REVO @ $0.0108 (Order #2663) 532.99 03/19/14 Bought 50,000 of REVO @ $0.0101 (Order #2661) -511.99 03/19/14 Sold 200,000 of RFMK @ $0.0034 (Order #2657) 672.99 03/19/14 Bought 200,000 of RFMK @ $0.0032 (Order #2654) -646.99 03/19/14 Sold 150,000 of UTRM @ $0.004 (Order #2652) 592.99 03/19/14 Bought 150,000 of UTRM @ $0.004 (Order #2650) -606.99 03/19/14 Sold 900,000 of HNSS @ $0.0011 (Order #2645) 982.98 03/19/14 Bought 900,000 of HNSS @ $0.001 (Order #2644) -906.99 03/19/14 Bought 3,300 of IMDC @ $0.051 (Order #2641) -175.29 03/19/14 Sold 3,300 of IMDC @ $0.058 (Order #2642) 184.40 03/18/14 Sold 15,000 of ERBB @ $0.0608 (Order #2634) 905.73 03/18/14 Bought 15,000 of ERBB @ $0.0599 (Order #2630) -905.49 03/18/14 Sold 1,500 of PHOT @ $0.67 (Order #2627) 997.98 03/18/14 Bought 1,500 of PHOT @ $0.655 (Order #2624) -989.49 03/18/14 Sold 18,000 of ERBB @ $0.0476 (Order #2623) 850.69 03/18/14 Bought 18,000 of ERBB @ $0.0456 (Order #2621) -826.89 03/17/14 Sold 12,000 of EAPH @ $0.0751 (Order #2616) 894.19 03/17/14 Bought 12,000 of EAPH @ $0.074 (Order #2612) -894.99 03/17/14 Sold 1,000,000 of SMVI @ $0.0006 (Order #2610) 592.99 03/17/14 Bought 1,000,000 of SMVI @ $0.0005 (Order #2609) -506.99 03/17/14 Sold 15,000 of EAPH @ $0.0674 (Order #2605) 1,003.98 03/17/14 Bought 15,000 of EAPH @ $0.0642 (Order #2602) -970.74

 

[Gamster]

Even while presented with evidence you continue to display your ignorant comments. I suggest you be ignored and banned from this forum. Your worthless comments don't contribute to anything more than degrading your character.