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Re: Mick Dodge post# 16089

Monday, 03/15/2010 2:29:55 PM

Monday, March 15, 2010 2:29:55 PM

Post# of 111215
Yes, if you have a cash account than you do not need to worry about it.

However, you stated you have made multiple trades per day.. which means that you must have a margin account in order to make more than one trade in a single day, and if you have a margin account than yes the 25K & pattern day trader rule applies to you.

Reason I say you have a margin account is.. you mentioned that you made multiple trades per day, which is not possible with a cash account as when you sell your position it takes 3 business days for those funds from the sale to be put back into your account.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y