What happens if I do more than 3 day trades?
I'm curious, could you please elaborate on what consequences one might face if they exceed the 3-day trade limit, especially in the context of cryptocurrency trading? Does this apply to all exchanges or are there specific rules that vary between platforms? Are there any penalties or restrictions imposed on traders who exceed this threshold? Additionally, is there a way to increase the limit or are there any strategies traders can adopt to manage their trades more effectively within this framework? Thank you for your insights.
How many day trades can you make under $25,000?
I'm curious to know, for those of us with portfolios under $25,000, how many day trades can we realistically make within that limit? Are there any specific strategies or tactics we can employ to maximize our trading opportunities while staying within our financial constraints? And how do the trading fees and commissions factor into this equation? I'm looking for a comprehensive understanding of how to navigate the world of day trading with a limited budget.