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Re: overhead post# 103117

Monday, 03/23/2009 12:27:16 PM

Monday, March 23, 2009 12:27:16 PM

Post# of 192567
A daytrade is a buy followed by a sell of the same security in the same trading day. If you sell 'XYZ' and buy it back later in the day, that would NOT be a daytrade. I believe you are allowed 3 day trades per 5 day period if your account is under $25k. If over $25k you can daytrade all you want.

Correct me if I'm wrong...that's how my broker is set up anyway.