Hi Tomasz, TJ> US securities regulations require at least USD 25,000 (or USD equivalent) in equity to day trade.
I always thought this was a silly little "looks like we are protecting the little guys" kind of law. So, somebody without very much cash is prohibited from repeatedly wagering (and let's assume losing) an amount of cash that is, by most measures, rather inconsequential. But somebody with poor trading skills and an amount of cash that is a bit more meaningful is free to squander their larger pile, which may be just as large a percentage of their net worth as is the case with the smaller guy -- until they have a very little egg left, which they are then "protected" from day-trading away. Such scratch-my-head public policy. Las Vegas gives worse odds than the equity market, but I don't think anyone is required to put up 25 K to "day-trade" Blackjack. ^_^ Yuki (who agrees in principle that 25 K is not enough to attempt making a living in the market -- or at Las Vegas)
