English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I know that you should not make more than 3 trades in 5 days. Would you be able to buy a stock on Monday, sell on Monday and on Friday buy again and sell on Friday again?

Any other advice about day trading would be greatly appreciated.

2007-07-03 10:35:20 · 3 answers · asked by Anonymous in Business & Finance Investing

3 answers

The rule is 4 or more day trades within five business days.
Don't think in terms of a week. If you make 4 day trades within any 5 consecutive business days, you are designated a pattern day trader.

Once you obtain this designation you must have a margin account and maintain a $25,000 minimum balance.

Also this is SEC rules. Your broker has no choice.

2007-07-03 11:26:44 · answer #1 · answered by Mystery 6 · 0 0

Open accounts with different brokerages.
Each account, make your limited # of trades.
2 accounts, now you can make 6 trades (you didn't here that from me).
The scenario you just mentioned is 2 trades.
You could have made another trade within that 5 day period.

2007-07-03 18:47:26 · answer #2 · answered by guardrailjim 7 · 0 0

mostly, since they get a commission on every trade, they are happy if you are a day trader


if you enjoy it or make money at it, you can trade 1000 times a day

some people do, some of even make money at it, even some stupid people make money at it

2007-07-03 17:58:12 · answer #3 · answered by Anonymous · 0 0

fedest.com, questions and answers