2 ms·
> America is great. Online gambling is illegal but you can have an app to punt the market all day Not all day. If you have less than 25k you are subject to pat
by outworlder 6y ago
> America is great. Online gambling is illegal but you can have an app to punt the market all day
Not all day. If you have less than 25k you are subject to pattern day trading restrictions.
I guess, if you have money, anything goes.
- sl1ck731 6y agoIsn't that only with non-cash accounts?
- tick_tock_tick 6y agoYes PDT restrictions only apply to margin accounts.
- outworlder 6y agoIndeed. But now you need to wait for the cash to settle, which takes about two days.
- quickthrowman 6y agoOptions trades settle the following day, not +2 like shares.
- outworlder 6y agoTIL Thanks!