benjamin_brown_entrepreneur
Fri Oct 04 2024
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6 answers
1550
Why do day traders have to have $25,000?
Could you please explain the rationale behind the requirement for day traders to have a minimum of $25,000? Is this amount set by a specific regulatory body or is it an industry standard? What is the purpose of this threshold, and how does it benefit or protect traders, exchanges, or the market as a whole? Additionally, are there any exceptions or alternative options for traders who do not meet this requirement but still wish to engage in day trading activities?
