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peterCZ

Broker for swing trading

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Hi guys, 

which brokerage firm, do you use for swing trading ? Can you use the same margin account for day trading also  for swing trades ? Or can you have one cash type account for swing trades and one margin account for day trades ?

sorry for basics questions, but i did not find any proper explanation on this.

Cheers!

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Posted (edited)

hi Peter, in CZ you can use LYNXbroker.cz so you get local support in czech, but their comissions are higher than Interactive Brokers

you can use the same account for day trading and swing trading, i can see no reason to divide it into 2 accounts

Edited by peterB

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Hey guys,

 

Haven't yet started live trading and thinking also about broker. Wouldn't it be good to have same account to day trade and swing trade, as you can use your swing trading money and shares to count them in PDT rule? For example if you use 15K in day trades and 15K in swing trades it still counts as 30K to PDT rules. And day trading money is always there for you to swing and swing shares are as collateral to your day trades.

 

Make sense?

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Thanks guys,

PeterB i am familair with Lynx and yes it is probably one of the best option in CZ. 

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