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Re: Value_Investor post# 3518

Friday, 01/06/2012 1:24:37 PM

Friday, January 06, 2012 1:24:37 PM

Post# of 12829
Value Investor, you might want to go into a little more detail before someone on this board breaks the rules and unknowningly becomes a pattern day trader.

Here is the most basic info on it for anyone interested:

Pattern Day Trader

Pattern day trader is a term defined by the U.S. Securities and Exchange Commission to describe a stock market trader who executes 4 (or more) day trades in 5 business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period. As the trader is exposed to the danger of day trading and intraday risks and potential rewards, it is subject to specific requirements and restrictions.



The early bird gets the worm................

But it's the second mouse that gets the cheese...........

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