- free trades are allowed during first 45 days since funds get rolled over from my other institution; means there may be about 32 trading days
- need to space trades to avoid day trader qualification (4 in- and out trades of same stock in any 5 consecutive trading days) that will lock lots for 90 days, as the amount of the account is WAY below $25000 margin requirement; this means 3 days in a row purchases should be performed in the morning of one day but sales can occur the next day only
- will still avoid penny stocks; will try to select from stocks I'm a little familiar with
- will only be able to place trades in the morning or in the evening after market close, so use of limit trades would be used to close a position, and probably sometimes to open one as well
- will not be able to track the stock price during the day
- short sales are still a new thing for me, so probably out of the question
- this is not a marginable account
- comments to this blog are moderated
Update: money from my Traditional IRA has not been deposited into broker's account yet, so no trades today, another day of idle research.
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