My understanding is if you trade in and out of any security (buy and sell) in the same day and you repeat this activity on that particular stock four times within "a rolling 5 business day period", you can be classed as a pattern daytrader. But as I understand it, the only restrictions have to do with minimum balances in your account and margin requirements. And, after MAGS, I guess that's what they'll classify me as.I don't think there's anything else involved. If I'm wrong - somebody please let me know what I'm missing.ellen
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