Sadly i can't apply tor a professional status, i dont have 500k and i am not part of any financial business, i am just a self tought private trader who likes to have some spare leverage. I dont need 100+ but 30 is not enough
My situation is similar to yours, if we had more money we'd trade futures for sure.
Anyway, i think you don't really need to have 500K, as this amount is composed of cash and financial instruments. I assume your positions will be leveraged, so maybe you are actually trading a 500K portfolio...
I know of people who are receiving notes from their brokers to change to prefessional status and it seems to be that way (not 100% sure).
We'll see what happens and the upcoming consequences.
Bye.
