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TroopTrade

03/01/14 5:10 PM

#195935 RE: Porgie Tirebiter #195932

I see. Yes I did mean the Pattern Day Trader rule - Meaning I am unable to make more than three "day trades" in a rolling five day period I.E. buy and sell company "A" on Monday, company "B" on Tuesday, and company "C" on Wednesday (I am now at my limit until Thursday).*

I don't understand how, if at all, that translates to options trading. I don't intend to trade in an IRA yet - as of now I want to trade to supplement and eventually replace my income.

*edit:

the following Thursday I mean.