 Hello everybody. This is Giovanni from Stock Trading Analytics and today is June 15, 2017 and I'm here to talk to you about the pattern day trade role where everybody is telling you that you have to have $25,000 or more in your trading account in order to day trade. That's absolutely incorrect. That only applies to margin accounts. I was able to confirm with three different brokers, E-Option, E-Trade and Scotch Trade. They all told me the exact same thing. I'll show you exactly what they said. I have a question about the pattern day trading role. What is the role? I'm under the impression that as long as you have a cash account, the pattern day trading role doesn't necessarily apply, correct? Okay. Well, thank you so much. Thank you. Giovanni. Giovanni. I have a question about the pattern day trade role. Yeah, sure. Okay. What's that? Can you explain to me what the pattern day trade role? Okay. Now, that role only applies to margin account roles. Is that correct? And it does not apply to cash accounts? Yeah, it doesn't. It doesn't? Okay. Not for cash accounts. Okay. Awesome. You clarified what I thought was correct and thank you so much, sir. I appreciate it. I'm from here. Good day. I had a very general question. Pattern day trade role helped explain that role to me. To avoid all of that, just have a cash account and don't have a margin account. Is that correct? Yeah, that would be... Well, thank you so much. You've answered all of my questions that I had today and you clarified it perfectly for me. Thank you so much. Sorry. I appreciate your time. Thank you. You too. Bye-bye. The role only applies to margin accounts, everybody. You do not have to have $25,000 in order to day trade. You can day trade with $500. You can day trade with $100 as long as you're trading with settled funds. That is the key. The other key is you have to have a cash account. Do not open up a margin account. So that is how you get around the $25,000 minimum in order to day trade. When I initially started day trading in the penny stock world, what the heck was I thinking? I started with $500. Was I successful? That is not the point. My goodness. What was I really trading? What was I doing in penny stocks? The way you get around that pattern day trade, getting rid of your margin account and only buying with settled funds. I will show everybody what I use to day trade in the stock market. How I find those setups, what indicators I use. I need 100 subscribers. Click that subscribe button. Like and share my videos. Thank you so much for watching.