Day trading can be extremely
risky.
Customers should be prepared to lose all of the
funds that they use for day trading. They should
not fund their day trading activities with
retirement savings, student loans, second
mortgages, emergency funds, funds set aside for
purposes such as education or home ownership, or
funds required for current income;
Customers be cautious of claims of large
profits from day trading.
Customers need to be wary of advertisements or
other statements that emphasize the potential
for large profits in day trading. Day trading
can also lead to large and immediate financial
losses;
Day trading requires knowledge of
securities markets.
Day trading requires in-depth knowledge of the
securities markets and trading techniques and
strategies. In attempting to profit through day
trading, an investor must compete with
professional, licensed traders employed by
securities firms. An investor should have
appropriate experience before engaging in
day trading;
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Day trading requires knowledge of a firm’s
operations.
An investor should be familiar with a securities
firm’s business practices, including the
operation of the firm’s order execution systems,
procedures, and should confirm that a firm has
adequate systems capacity to permit customers to
engage in day trading activities;
Day trading may result in large
commissions.
Day trading may require an investor to trade his
or her account aggressively, and pay commissions
on each trade. The total daily commissions that
they pay on trades may add to losses or
significantly reduce earnings;
Day trading on margin or short selling may
result in losses beyond the initial investment.
When customers day trade with funds borrowed
from the firm or someone else, they can lose
more than the funds originally placed at risk. A
decline in the value of the securities that are
purchased may require additional funds be paid
to the firm to avoid the forced sale of those
securities or other securities in an investor’s
account. Short selling as part of a day trading
strategy also may lead to extraordinary losses,
because stock may have to be purchased at a very
high price in order to cover a short position.
Account Activity
Each account must be opened with an equity value
of $10,000 either in negotiable securities or
cash. This level of equity can be reached
through account transfer or direct deposit. It
is recommended that if you are Day Trading, you
close all positions at the end of the day.
Holding losing positions overnight has caused
more Day Traders to stop trading due to losses.
If your Day Trading style is 1-5 Days, we
recommend Retail Trading. The same Order Routing
services, software, and commissions are still
available to you. Trading involves risk, and
your investment style can effect your
performance.
Discretion
Trade NASDAQ anonymously. Use of two ECN's for
your orders. Place your orders between the bid
and offer, or at the inside market without
showing your hand.
Trade Blotter
Two way connectivity to continuously updated
trade blotter.
Buy Orders
Your account must have sufficient funds or
buying power at the time an order is placed.
Your account will be credited with interest
whenever the average monthly free credit balance
awaiting reinvestment exceeds $1,000.
Sell Short Orders
Please contact your registered representative to
learn more about our sell short order policies.
Free Credit Balances
We will send you any money to which you are
entitled immediately upon request. If not
requested, any proceeds, dividends or other
credited amounts to your account will remain
there and, if eligible, earn interest
