If you are a new trader and think you are going to trade well with a small margin account good luck.
You better have a few account . Because 3 day trades in a week is not going to cut it. You'll make poor decisions because of that restriction
Otherwise stay with a cash account
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Can you clarify? If I have a small margin account there are no restrictions on day trading, right?
Cash accounts are the way to go if your new. If I’m going to lose money it’s going to be my own, and spending money you don’t have on a line of credit is called debt.
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I have 3 small accounts and only trade in cash. I don’t want to use margin.
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I agree Mr. Jones, having the weight of “this trade must work” is not good on the trading flow. I’m in the process of transferring funds to build up my cash 💰 Webull account.
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Trading on margin is a sure way to become homeless overnight lol
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I need to learn how to trade. Any good docs out there. I know the basics
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