Options Trading Tutorial

Scottrade Day Trading Restriction- Stock Market?

Alright well I have a Margin account with Scottrade and recently violated the 3 day trade in a 5 day period rule. This was my first offense and they said I am going to be restricted from Margin for 90 days. I need this margin, so what are my options. Should I open another account with Scottrade? Is that allowed? Or should I transfer to another broker? Any suggestions?

Public Comments

1. Call them and talk to them. They will give you a lecture and a warning. Just don't do it again or it will be suspended for 90 days.