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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

11:08 PM · Dec 15, 2020Twitter Web App

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Can you clarify? If I have a small margin account there are no restrictions on day trading, right?

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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.