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Re: MLR_Lite post# 8496

Friday, 01/13/2017 11:39:11 PM

Friday, January 13, 2017 11:39:11 PM

Post# of 9062
Not really up on the US rules, but here.....

"Day trading refers to buying then selling or selling short then buying back the same security on the same day.[7] Interpretation for more complex situations may be subject to interpretation by an individual brokerage firm, for example if you buy the same stock in three trades on the same day, and sell them all in one trade, that can be considered 1 day trade[8] or three day trades.[9] If you buy stock in one trade and sell the position in three trades, that is generally considered as one day trade if all trades are done on the same day. Three more day trades in the next four business days will subject your account to restrictions (you can only close existing positions or purchase with available cash up front) for 90 days, or until you deposit $25,000 into your account, whichever comes first. Day trading also applies to trading in option contracts. Forced sales of securities through a margin call count towards the day trading calculation."


But you knew all that.

https://en.wikipedia.org/wiki/Pattern_day_trader

Remember........ It's better to wish you had bought a
stock, than to wish you hadn't.


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