Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
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
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Is that 5 times for one stock or 5 day trades total (any stocks) in a rolling 5 day period?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Read the rule again. It says Four or more times, which means you're limited to three; four falls within "four or more". And it doesn't matter whether it's the same stock or several stocks. Three trades, that's all.

~aj
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement