Ezzoud t1_j28rcbp wrote on December 30, 2022 at 1:47 PM

Reply to comment by KryptoSC in Brokerage Options for API Trading of US Stocks by KryptoSC

I had a friend couple of years ago offer automated trading based on their set criteria. Was about to drop 500 to him, nearly all i had back then, and he then told me it will be 1.2k monthly for the bot

KryptoSC OP t1_j28wd2d wrote on December 30, 2022 at 2:27 PM

$1200? Not much of a friend then. I'll say this, my automated trading activity will flag my account as a "Pattern Day Trader" due to the multiple back and forth buying and selling, which means that if I don't have a minimum $25k in the account then the brokerage firm will be forced (by FINRA) to liquidate my account.