CASH ACCOUNT vs MARGIN ACCOUNT
$Trump Media & Technology (DJT.US)$ If you're below $25,000 you can Switch your Margin Account to a CASH ACCOUNT for UNLIMITED DAY TRADING on Moomoo or whichever broker you are using. You are only restricted to 3 Day Trades Weekly IF you are below $25,000 and on a Margin Account. Brokers do not let you know about a CASH ACCOUNT it's due diligence you know now. With a Cash Account you will have UNLIMITED Day trading regardless of how much you come in with and IF you're options Day trading your funds will Settle DAILY. Anyone that FELT you Needed $25,000 to have Unlimited Day trading it's a MYTH!!! $NVIDIA (NVDA.US)$ $AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ $Palantir (PLTR.US)$ $SPDR S&P 500 ETF (SPY.US)$
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LukeM : But you can only use settled cash, so really it doesn’t make a difference
Queen Of Wall Street OP LukeM : It makes a HUGE DIFFERENCE Example: $10,000 Available today you're in and out buying down to $1,000 maybe $2,000 then selling off in and out 5-10 DAY Trades in 1 Day Compared to a MARGIN you will ONLY have 3 Day Trades for the Week. With a Cash account and IF Options Day trading the $10,000 used today in and out for profits you will have available again tomorrow morning PLUS the Profits Made for another 5-10 Day Trades on a CASH ACCOUNT. Options Trading Funds Settle DAILY!!!
Just a Lesson for you to Study and Hopefully learn for your trading Journey.
103208779 : How to change from margin account to cash account?
Queen Of Wall Street OP 103208779 : Go under your Margin Account and click on MORE once you click on MORE scroll down until you see ADD ACCOUNT is where you will find CASH ACCOUNT you can Switch to CASH ACCOUNT
Queen Of Wall Street OP 103208779 :
KingThundaStorm : You’re better at explaining navigation thru moomoo’s app than moomoo lol