Nasdaq Or NYSE? For the small investor?
From the prospective small investors point of view, which market is the better one to do day trading/ Penny Stocks .. and why.
Here’s something many traders don’t know:
To “day trade” or “scalp”: A trader MUST have – AT ALL TIMES – AT LEAST $25,000 U.S. CASH in his/her/their trading account.
This does not include any stocks or trades the trad err might be in. This is cold, hard U.S. CASH.
As soon as the account goes one cent below $25K, a whole different set of rules comes into play.
Check with your broker or any broker to confirm what I write. There MAY BE exceptions.
As far as penny shares:
They are far, far, far too risky and volatile.
Thanks for asking your Q! I enjoyed doing my best to answer it.
Yes, that is my real last name!
Stocks To Watch: Trina Solar Ltd.(NYSE: TSL)