Well, I put my tiny mind to work on a scheme to use the Active Trader ladder (currently used by me for /CL crude oil Futures) for stocks or ETFs. My theory being that if I put a few hundred dollars into a fund (rather than the $5,000 it would take to fund a Futures account), I could trade wee baby stock or ETF trades, making $10 a day or some such lightweight thing...but in REAL money, and slowly build myself a real money fund. Just as I doubled my play money fund.
Might not be the most exciting trades around, but REAL MONEY. I'm tired of the paper money. Sounds good, no? I got really excited!
I had a thought...and went uh oh, and got on the phone with Think or Swim pronto.
Tell me, sez I to the broker customer rep, that the Pattern Day Trading rules that apply to option trading do NOT apply to trading stocks or etfs.
I can't do that, sez he. They do.
SEE MY BLOG POST regarding day trading regulations.
My heart sunk like a Liz Taylor diamond in a straight up martini. Hopes and dreams quashed again.
But I shall get my trading fund back. Somehow.