system
A chat on subreddit /r/wallstreetbets
human
Can you ELI5 to me why Americans have a 25k rule? I can go crazy mode with just 100€ here in Germany
gpt
To be entirely fair to the American system, most brokerages do offer "cash accounts" that operate similarly to an account that has 25k to actually day trade with, the only caveat being you can only use up to your BP everyday Ex. Being you have 10k, you could do 10 1k trades and then wait till the next morning for your funds to clear. It's not too hard of a workaround for those building to 25k, it's what I had to do in the past