Any online brokers relaxed the rule of 3 days holding period for same day buy and sell?

Question

I am not able to trade daily because of this rule.

Answer 1

Actually, day traders MAY qualify to do that, but you have to be a certified investor, which means experience and plenty of cash to cover trades. What that essentially means is you have enough extra cash that the surplus cash is buying and when the trades clear that then becomes the surplus cash. Think of it as a different kind of "margin" that the government requires you keep to do this.

Answer 2

You can buy and sell as often as you want, as long as you do it with cleared funds. This just means that after you sell a security, you have to wait three days to use the proceeds from that sale to trade, because it takes all trades three days to clear. But there is nothing to keep you from using other cash to trade. One way to guarantee this is to divide your trading capital into three parts and only commit one-third of it to buying on any day. You will always have a third of your funds free to commit to another trade.

Answer 3

The three day holding period you are referring to is a matter of federal law, and not at the discretion of the broker.
This law was put in place to discourage day trading.

To be exempted for the rule, you must designate your account as a 'pattern day trader'. This requires a minimum balance of $25,000 and approval for margin.

Answer 4

You can sell tomorrow if you buy today , many A group shares.
Only B and C categories you have to wait for one more day!

Answer 5

This rule is FOR YOUR PROTECTION.

If you don't have at least $25,000.00 USD you should not daytrade.