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CapnLookOut

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CapnLookOut

Re: stokbrokin post# 41183

Friday, 02/27/2015 10:54:08 PM

Friday, February 27, 2015 10:54:08 PM

Post# of 87250
PDT rules apply for a margin type account under $25000. Buy/sell a stock in 1 day is considered a day trade. You get 3 of these in 5 days and then if you go over that you are labeled a pattern day trader. Some use cash accounts (or something like that) but cant use those funds for 3 days until the funds are settled.
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