Avitar, Inc. (AVTI)

[Windfall Magic]

Just remember the SEC rules for day trader status. No round trips with three days or you will be flagged and your account quarantined unless you carry $25k min. so be careful all the newbees

Learn about FINRA Rule 2520 and NYSE Rule 431 Day trading is the practice of opening and closing an equity or option position (i.e., buying and selling the same stock or option) on the same trading day. A same-day buy and sell, or a same-day sell short and buy to cover, is considered a day trade.

If you make four or more day trades in a rolling five-trading-day period, you will be considered a pattern day trader under these rules. However, if the day trading activity does not exceed six percent of your total trading activity for the five-day period in question, your account may not be designated a pattern day trading account.

If you meet the definition of a pattern day trader, you'll be required to maintain $25,000 equity in your brokerage account at all times. If your account equity falls below $25,000, a day trading minimum equity call will be issued on your account requiring you to deposit additional funds or securities.

In order to meet the $25,000 requirement, your pattern day trade account will earn credit interest on the free credit balance.


Windfall Magic