Originally Posted by ThePornPusher

Anybody here currently doing any day trading?? I've recently been thinking about getting into it myself..I saw this though....

google "day trading"

#4 http://www.sec.gov/answers/daytrading.htm

Under the rules of NYSE and NASD, customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts. For more information, you can read the NASD's Notice to Members and the New York Stock Exchange's Information Memo


Is this true? I only wanted to mess around with a few thousand...