So if I want to start trading stock, will I need a minimum of $25k?

I see that some sites have a $0 minimum, but then I read articles that say I need at least 25k in my account to start trading stock.

Is this true even if I want to just do small trades every so often? Can I not start with $1,000 and just buy and sell $1 stocks (as an example)?

For day trading, everything I have read says 25k minimum. So that may be out for me. I was hoping to day trade stocks and start with around $1,000. So is this just not possible?

I went to AllyBank, and this is straight from their webiste:

Day-Trading Disclosure

ALLY INVEST SECURITIES LLC (“Ally Invest”) DOES NOT PROMOTE DAY-TRADING. If a customer engages in day trading, the following rules apply.

Definition

Customers are considered as engaging in Pattern Day Trading if they execute four or more stock or options day-trades within a five-day period in a margin account.

Minimum Account Equity

If you are designated as a Pattern Day Trading customer, you must maintain at least $25,000 in account equity in order to maintain day-trading privileges.

If a call to bring the account equity to the minimum amount is issued for your account and the call is not met promptly.

The account will be restricted to cash until the account equity is brought back to the minimum requirement or at least $25,000.
You will not be allowed to day-trade in your account.
You will not be allowed to open and close positions on the same business day. All opening transactions must be held until at least the following business day to avoid further restriction.
Within these restrictions, you may still trade on margin (if you maintain at least $2,000 in account equity) and utilize buying power.

Thanks for the recommendation, I'll check it out!

should be a bumper sticker or a t shirt

Are we headed back up now??

Will we see Boeing go under 150 again?

I hope you are right. Like others have mentioned, I too have been waiting on the right time to dump a bunch of money in and feel like I missed my chance.

That's the way I am feeling right now!

Nice! I admire your balls, sir.

And I hope you're right.

What was all that "not going to be bullish into the weekend" talk?

So far, I've blown it today.

Went short on NVDA this morning at $249.

I suck at this. How is EVERYTHING up right now? Thought we would see another plunge today.

Hope you're right, but my entire watchlist is green right now.

We're in the same boat, brother! I am waiting on the sidelines cash in hand, just give me the signal!

I'm thinking about it.

Anyone else waiting to jump in on Boeing (BA)? Feels like the timing is almost right.

I'm more just keeping an eye on it. I added some of the restaurants that were suggested in this thread to my watchlist, STKS being one of them. Just looks like it will get back to 1.50 to me at some point. 50% return isn't too bad. But you're right, you would have to buy a shit load of it for it to be worthwhile.

I'm thinking of picking up 1k shares of AAL. Anyone want to talk me out of it?

Hey cottonm4 just curious, any reason you left out American Express? Looks like it's behavior was a bit different today than mastercard and visa that you mentioned, so I'm curious your thoughts on it.

Well damn guys my watchlist can't get much longer haha! JK I love all the recommendations, keep em coming.

I don't really get this part.

Shorted NVDA at 269.5

Yeah that hurts but hey you came out ahead. Could have been worse.

I saw that too, what the heck? Went from a green day to red real fast.

More red tomorrow?

Dang! Making me nervous kpg! I still hope you were right when you placed those positions and we see a big drop soon. But I’m not so confident after today.

I know it’s still early but volume seems crazy low today, no?

If you're not already, since you have a TDAmeritrade account, download and use Thinkorswim.

And where is the fed taking us?

Will they though? I really don't know.

What's that old phrase? Don't hate the player, hate the game.

What's on everyone's watch list this week??

I was coming here to ask the same thing!

What is left that is still "in the ditch"?

MAC looks like it's been on a downward trend since forever. But Ice hasn't been wrong yet...

Thinking of jumping back into Boeing (BA) if it goes below 200. Thoughts?

I didn't want to feel left out of the MAC party. So I just jumped in at 9.63.

Yeah, I'm trying to decide, do I jump in now or wait to see if this down trend continues into tomorrow.

Still unsure if this is a good time to buy at a discount, or if the market is just correcting itself.

I jumped in a few yesterday and regretting it today. We'll see...

Who's buying the dip today??

Well hey, you're already up!

Yeah, I am re-thinking jumping in on MAC as well. I think a bunch of us jumped in on that one unfortunately. I'm still in it though, maybe it just needs more time...

Alomst got there today

I think I'll add some AAPL today below 110

Do we think this dip will continue next week? Who has a magic 8 ball?

Thoughts on SVC? It looks like it could be a good long term option.

If this is another down day, I'll be adding to QQQ, APPL, and CCL. Maybe a few others.

What are some good "in the ditch" stocks on your watchlist at the moment?

I grabbed APPL yesterday when it went below 110 now I'm rethinking that move.

Thanks, Gambit!

OXY at <10 now. I'm tempted. Anyone else?

This has been a fun run for sure, but honestly hoping for another dip

I was looking at jumping in on SPG but may be a little too late on that one.

What are some other "in the ditch" stocks as Ice calls them that should bounce back when things return to normal? I'm already in on RRGB, AAL, CCL, UAL, MAC, couple others. Seen nice returns on those so far (except for MAC, but it will come).

Any others still out there that it's not too late to look at?

CRM is down over 10% right now, I may jump on that.

No I think that is right actually. Crazy that you sold yesterday, damn.

Getting a little dip today, so what are we buying? I am getting in on SPG, missed out on this one earlier. Also looking at FRT and SVC. Anyone adding to MAC?

If you have a TD account, definitly download the Thinkorswim app for trading. It is unbelievably good. Tons of tutorial videos on using ToS out there too.

I am thinking of doing the same thing. Looking at DOCU, NET, CRM, FSLY, PINS. Haven't pulled the trigger yet though.

I'm getting out of MAC

Nice! Now be sure to withhold taxes to teach him about how fun that part is.

Just picked up NOK and AMC !!!

sorry, NOK

I bought in at $19...

Still holding my NOK, NAKD, and AMC!!! I don't think this is over yet. The Robinhooders are pissed, they just need to find a new place to trade. Or maybe RH will open these stocks back up? Either way, it's fun to watch and be a part of it.

Well the MEME stocks cost me about 5k. Lesson learned. Many lessons learned.

lol, of course I sell all my MEME stocks and they immediately start ticking back up. We'll see if it lasts

I think I can control the stock market. I buy, it goes down. I sell, it goes up.

I was in at $19 and got out today. If it goes back up I will be kicking myself, but honestly it feels good to be done with those stocks. Checking it literally every minute was becoming exhausting.

QCOM is on sale today. Thinking of picking some up.

QQQ and VOO have been great for me.

That's correct

This cracked me up
42AF17B7-2891-4744-8C0D-7A2284E04EA7 (resized).png

Buying PLTR and FSLY today.

Look at how much it moves, I think anything around 80 is good. Just ask yourself if you think it will ever hit 100 again.

Just got in on ARKK as well. Yeah, I am late to the party, but I don't think it will matter long term.

well shit, that dip lasted all of about 20 minutes.

It's kind of annoying. I didn't miss the dip because I was right in front of my computer watching it happen, but I was trying to practice patience as so often my impatience comes around to bite me. But alas, trying to be patient to see if the dip continues ("don't try and catch a falling knife") is what costs me money today. sighhhh

Be patient, don't be patient, I never know what to do it seems sometimes. I guess that's what makes it fun too? It's kind of like the "just one more ball" feeling that you get from certain pinball machines.

So what is everyone buying today??

Sold my RRGB (190%) and L (78%) holdings today. They were never long term holds so I am happy with it.

Still holding a few other "in the ditch" stocks like AAL, CCL, UAL but may offload those soon as well.

TDOC is down to 236 after hours. Lower than expected Q4 earnings.

I was wondering about this too. Also saw that Cathie Wood bought a ton of SQ yesterday.

Why do you say that?

ah gotcha, thought you meant PLTR.

ARK (Cathie Wood) sold about 880k shares of PINS today.

Also sold AMZN, AAPL, CRM, GOOG, SE

They bought TDOC, SQ, PYPL, TWTR

I bought more FSLY, TDOC, SQ, NVTA

So will Monday be red or green??

Well I thought last week was a good time to buy these. Oops

Getting absolutely bent over today. Didn't help that I doubled down on most of my tech stocks this morning.

All tech stocks are in the same boat right now, not just PINS.

It's frustrating that last week is when I decided to really go all in on tech. Ugh. It will go back up...right??

where the F is the bottom for these tech stocks?

I like TD. And their thinkorswim app for both desktop and mobile is amazing.

Buying more TDOC

I did too, but I kept buying them on the dips and now I'm back up

Bought more TDOC

How quick do you cut your losers? -10%?

Same here, I have to just look away for now.

Bought some DOCU, I've been waiting on it to go below 200.

or IF it will jump up tomorrow

I sold at $7...after buying at $19!! lol

ZIM has been amazing for me. Bought more last week when it dipped below 40 and it was right back up.

Also AGEN

Z, TDOC, FSLY, and NVTA are absolutely crushing me right now. I never planned to have such a large position in any of those but I have been buying more as it dips for months now.

i don't know if I should do that or buy more

Because I saw them mentioned in this f*%#ing thread! lol . that's what I get, no ones fault but my own.

WTF is happening today?

I believe you also said PINS, FSLY, TDOC, Z etc. and for that reason I am down about 20k at the moment lol. No one's fault but my own, but I would have never gotten into those if it weren't for this thread.