Question:

Help with day trading rules?

by  |  earlier

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I have a margin account but not a daytrading account

i need to know if...

I bought 3 stocks on Monday than sold them the next day on Tuesday than Wednesday i bought 3 more stocks & sold them on thursday would that be considered daytrading?

im just using this as an example

I usually swing trade.. holding between 5day & 2 months

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2 ANSWERS


  1. To beat the day trading rule - open accounts with different brokers.


  2. The examples you give are not day trades.

    A day trade means the position was opened and closed the same day.  (Buy/sell or short/cover)

    If you make an occasion day trade it won't matter.  If you make 4 or may in any 5 consecutive business days, you will be labeled a pattern day trader.  That is when the day trade rules come into play.  

    As a pattern day trader you must have a margin account and maintain a minimum balance of $25,000.00.

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