(new)would like to start a day trading account

[rollo78]

ok, i have been interested in stocks and trading far a long time. However, I'm completely unclear about the "free ride" rule.
Lets say i open a $25,000 margin account with scottrade. And on the first day
I buy 1000 shares of XYZ for 25000 plus commission.
Then 30 minutes later sell those shares for 25,500.

Would i be able to open a new position with stock ABC the same day, or do I have to wait 3 days for the XYZ transactions to clear?

Can anybody enlighten me? thnx in advance

[LongArm]

Freeriding is generally not an issue in margin accounts, only cash accounts. You can normally buy & sell XYZ 100 times a day if you want.

[wallstreetsedge]

you can do whatever you want

but if you fall under $25k even intraday, your account is locked and you cant buy unless that cash value goes back to $25k or higher