The Internet's Portfolio is a website developed by Aidan Strong. It is directly tied to an active brokerage account that started with $100 on July 22nd, 2024.
Five minutes before market close the highest voted action on the site is taken. This is done through a simple majority. If there is a tie, an option will be chosen randomly. If there are no votes, no action will be made.
If you’re interested in contributing to the fund or just want to reach out, please contact me at:
aidan.m.strong@gmail.com
Voting is only once a day primarily to prevent the issue of day trading. As defined by the U.S. Securities and Exchange Commission, a day trade is a buy and sell of the same security on the same day.
Individuals who engage in 5 day trades in a 5 day period are considered pattern day traders and must maintain a minimum balance of $25,000 in their account.
Seeing as I don't have $25,000 laying around to maintain that balance, the portfolio is unable to day trade.