This is my first post and I am trying to do research on how to do this properly. I am making a program to buy and sell one stock about every couple minutes. I was wondering if the paper trading account will let me do that if i use 10000 for each trade? Its really day trading as in it will buy a stock and then sell it a couple minutes later. I am just trying to avoid having my orders rejected for day trading. Im just not sure of all the requirements. The paper account has 100000 equity and Im reading that you have to have over 25K and then you can day trade, so if I buy 10K worth of 1 stock and then sell it 4 minutes later, does that sell automatically go back to my equity? Maybe if I lower the 10K down to 1K?
Thank you for your time