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Sounds like you're in a good spot.
You'll need $2,000 to open a margin account. This will give you 3 day-trades every 5 day rolling period, otherwise you can swing trade freely.
With $1500 you can have a cash account, but if you plan to day-trade it you'll have to wait 3 days for the money to settle.
Example: You buy XYZA on Monday, sell it on Monday. Then you buy ABXY on Tuesday. You wouldn't be able to sell until Thursday.
Keep this in mind. Must build a strategy around that. Today I day-traded TVIX, PTX and bought HXM, sold half, and holding half for swing trade. I mainly focus on small caps myself.
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