/biz/ - Business & Finance

Can I evade the pattern day trader rule by using multiple brokerages?

I’ve already turned $1,000 into $1,400 in a week by gambling on penny stocks. I have zero interest in trading on margin, and I don’t have $25,000 to put in my Robin Hood account because the bulk of my savings are in a Money Market Fund, Bitcoin, and metals. I am acutely aware that I’m most likely to lose money and I don’t care. If I risked $1,000 on scratch offs or blackjack, nobody would bat an eye. But I had to make 4 trades last Friday- 2 to cut my losses on stocks that weren’t winning, and then 2 to cash out stocks that were winning before the market closed, because after hours losses over the weekend are not worth the risk. I like to pull out once I’ve exceeded a certain goal amount, and I can’t do that after hours.

I’m sure some anon has tried setting up accounts with multiple brokers. Did it work?

>>27991003

Some guy on here last week told me why I should buy them but said that if I don't do my own research I wont buy enough of them

I didn't do my own research

Right after I convert $2k worth of BTC into Doge

I sold when it was crashing down from 5cent then bought back in

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