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Sunday, 10/16/2011 9:04:03 AM

Sunday, October 16, 2011 9:04:03 AM

Post# of 2353
Hello DAY TRADING ACADEMY !

I have a few questions that hopefully can be answered with a simple yes or no response.

1. If you buy stock ABC 4 different times during the same day and sell all of stock ABC at once that same business day it counts as 4 daytrades and will flag you as a pattern day trader?

2. If you buy stock ABC on Monday and sell stock ABC on Tuesday and buy back into stock ABC on that same Tuesday after selling it, this is not considered a daytrade?

3. If you opened 4 margin accounts with 4 different brokers could you avoid being labeled a pattern day trader if you only did 3 daytrades per five consecutive days with each brokerage firm? So in this example you could do up to 12 daytrades within 5 rolling business days and not be labeled a pattern day trader?




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