Day Trading Rules Knowledge Base

I want to get a debit/credit card machine. Moneris the best way to go? I deal with BMO and they recommend Moneris but their charges seem high.

Moneris Gateway integration in VB.NET? Hi, i am currently working on integration of moneris payment gateway in vb .net language and getting following error related to HttpsPostRequest Server Error in '/' Application. -------------------------------------------------------------------------------- Compilation Error Description: An error occurred during the compilation of a resource required to service this request. Please review the following specific error details and modify your source code appropriately. Compiler Error Message: BC30002: Type 'HttpsPostRequest' is not defined. Source Error: Line 19: Dim crypt As String = "7" Line 20: Line 21: Dim mpgReq As New HttpsPostRequest(host, store_id, api_token, New Purchase(order_id, amount, card, exp, crypt), True) Line 22: Line 23: Try Following items are already setup on server: 1) DLL installed 2) SSL installed 3) Port open for bidiectional communication Is that possible for someone to help on that?

Are there day trading rules for forex? Mainly, is there a minimum amount of funds required in your account. Like trading equities, there must be $25,000 in your account to day trade. Does forex have any requirements, or special rules only pertaining to forex? Any and all advice is welcome. Thank you.

What are the rules on day trading in a futures account? What are the rules on day trading in a futures account? I understand that I have to have a minimum of 25,000 dollars in my account if I am a pattern day trader in a stock account. Does this same rule apply for a futures account?

Does anyone know about the 30 day trading rule for stocks in Canada? Like say , I buy 1000 shares of Dell on May 1, for $20 and sell them on May 10, for $24 , and then buy 1000 more shares on May 24 for $25 and sell on May 30 for 30 , how does this 30 day rule apply ? Or if you lose money on both trades. Thanks

What constitutes a day-trade as it pertains to the SEC day-trading rule? Okay so if I buy a stock and I sell it in the same day, is that the only way it would be considered a day-trade? Are options subject to this rule as well. Also, the five day period: is that Mon-Fri, or is that five consecutive trading days?

Are there rules for day trading? I just recently started playing around with the stock market and i remember hearing something about restrictions on day trading. What are they and do they apply to everyone or just professional traders?

Does the $25,000 day trading rule apply to Canada traders as well? Do the Canadian laws regarding day-trading differ from the US ones, in terms of the 3X5 rule, or in other ways.

help with day trading rules? I have a margin account but not a daytrading account i need to know if... I bought 3 stocks on Monday than sold them the next day on Tuesday than Wednesday i bought 3 more stocks & sold them on thursday would that be considered daytrading? im just using this as an example I usually swing trade.. holding between 5day & 2 months

Day trading rules: I have been buying and selling a certain stock over several days.....? I have been buying and selling a certain stock over several days, obviously because I am making short term gains. My question is am I considered a day trader if I buy and sell the security in the same day 4 times in a 5 day period. or if I buy or sell the same security 4 times or more in the same 5 days? Like am I considered a day trader if I buy a security once every day for 4 days, would I be considered a day trader or must I buy and sell in the same day every day for four days. Im a little confused. Thanks! Ive been doing really well with "day trading" SKF. I short it and buy at certain times. I cover my own rear with different trades and lock in a gauranteed return. my thing is I dont want to be labeled a day trader because I dont have the $25,000 to fork over. ok I havent been buying and selling in the same day, I buy one day and sell the next. is that a day trader or a pattern trader?

Do Pattern Day Trading (PDT) rules apply to ETFs?

I made 200 dlls by day trading during 2005 what rules shall I apply to pay taxes on that?

I want to know about day trading.? I am looking for some study material which can help me understand the funda of day trading. can you provide me with names of some website where I can find details about day trading rules and procedures.

Day trading in an IRA rules? What would be considered day trading in an IRA? Does it have to be the same stock traded, bought and sold in the same day? I do trade in my IRA, I will hold a stock for at least 2 days before selling. If I bought APPL, CIT, and BAC on one day, held them for 2 days or more, then sold one or two and bought BA, CAT, LVLT. Would that be considered day trading? Would trading back and forth between stocks within a week be allowed within an IRA?

Delivery Trade Vs Day Trading.? Paripassu? Same demat for differtent brokers.? Basis of listing? I have some doubts regarding trading. You experts can help/advice me regarding this. 1.In day trading all the shares which you sold today should buy on the same day. 2.In delivery trading you can buy share today and you can sell it tomorrow (or any other day which you want). If so if am selling shares today then how it is classified as delivery trading or day trading (intratrade)? Or how I can prove that I am not doing Day trading? 3.Suppose I am selling 10 RPL share today which I bought 10days back, then how it is determined that it is not under the category of day trading. (otherwise I have to buy it back according to day trading rules) 4.Suppose I have 10 RPL share, one share cost Rs. 400. I want to place an order of selling today for Rs.1000. Is it possible? Or who has to decide the selling price (Minimum/Maximum)? 5.Is there any restriction that one cannot sell all the shares of particular company on same day? (Suppose I have 100 RPL share. I want to sell all these today. Is it possible? Of course if there are people to buy it only?) 6.What is pari-passu? 7.I have a Demat Account in ICCI. Can I use the same account to do trading in Sharekhan? 8.Today (11/02/08), the RPOWERL has been listed for Rs.530/. What is the basis of listing the same? Hope some people will help me to find out these things.

Rules for british citizen with OCI trading in Indian stock market? Does anyone know the trading rules for a British Citizen with OCI status residing in India please? Does he/she have to trade as an NRI i.e. through Portfolio Investment Scheme in which the intra day trades are not allowed and have to trade with the intention of taking delivery of shares or funds?

Limit of trades per day with cash account? If I trade out of a cash ONLY account, paying the normal commissions for each trade, can I theoretically then buy and sell the same security 10 times a day if I wish? Do the day trading rules of no more than 4 per week apply to margin trading or also to trading with a basic cash account as well? Thanks.

Taxes & Day Trading & Mark to Market Election? I understand that filing as a "day trader" (subject to IRS day trading rules), one can file a mark to market election (various forms, etc.). Question: If I have another full time job, and I lost $50,000 day trading, (over 400 trades in 2008 so far) if I file as a day trader, how will the IRS view this if I have another full time job? Has anyone else filed this way successfully (without being audited, penalties, IRS reversal, etc)? If no, then can I file as a "part-time day-trader" with the M2M election and take say 50% of the $50,000 losses against regular income? (normal is $3000 limit on Sched D).

Pattern Day Trading Rule? I understand that a day trade is when you buy and sell the same stock during the same day (and that you can make 3 day trades in 5 days). BUT: what about sell-buy? Can you sell and then buy back on the same day w/o being marked? Example: I had ABC shares for several days/weeks/months. Now I feel that today is a good day to sell them (all or just some of them). So I sold at $10, but after that it dropped to $6. Can I buy back without making this a day trade?

Is trading with a cash account still considered day trading? A pattern daytrader is someone who buys and sells a security in the same day four times in five business days according to the rules set forth by mean people. If I do this in a cash account will I still be considered a pattern daytrader or does this only apply to those with margin accounts. Basically I do not have 25000 to maintain a balance with and want to know if I will be required to even if I am only doing this in a cash account.

Are Govt.Servants prohibited to take part in intra-day share trading? Is it against conduct rules? Govt Servants are prohibited from undertakng any business while serving. Gambling by way of Share trading is proscribed.In such circumstances, does intra-day share trading come with in the ambit of prohibition?

Experienced investors, is day trading a good idea? I just want to hear from serious investors what they think about day trading. I think that it is a bad idea? What are your thoughts? No I don't want to visit any websites to make money for all of the bots that seem to rule this section. I do think it is a bad idea, but I was wondering what other people thought.

Scottrade Day Trading Restriction- Stock Market? Alright well I have a Margin account with Scottrade and recently violated the 3 day trade in a 5 day period rule. This was my first offense and they said I am going to be restricted from Margin for 90 days. I need this margin, so what are my options. Should I open another account with Scottrade? Is that allowed? Or should I transfer to another broker? Any suggestions?

I have a question about day trading and stock settlement.? Ok, I'm wondering if i buy a stock Monday evening....will i not be able to sell it for 3 days because of the 3 day settlement rule,Or does it mean that i can buy a stock Monday evening and then sell it Tuesday afternoon but the money i made off that trade wont come into my account till Thursday. I'm kinda confused. Your advice would help(i think, lol) Thank-you

Since in recent years, stock trades have a settlement time of a couple of days, has day trading signicantly..? decreased? (If someone is trying to do day trades with $40,000 or less, then they will not be able to do too many trades since their money will be locked up during the settlement time. Is there a rule that lets day traders overcome this hurdle?)

How does the Pattern Day Trader rule work and does it apply to trading options as well?

Does "pattern day trader" rule only apply to trades within a margin account? If I don't use a margin account, am I still at risk of being labeled a "pattern day trader" if I do 4 or more day trades in a 5 day period? I only intend to use cash to purchase stocks.

Day trading SPY options: How can I do this better? (Long question)? (Note: I have real money experience with options going back to 2000, first covered calls in my IRA and then long calls in my cash account though no day trading experience with real money. I have the 25K to park in an account to satisfy the pattern day trader rules and another 10K to make the actual contract purchases.) I have a job that allows me to keep an eye on the real time stock market. Starting in January I started playing with the Virtual Trading engine at OptionXpress, daytrading options on SPY. My strategy is rather modest; I buy 5-10 ITM contracts, either put or call depending on market direction, and sell when I see the trend reverse. I chose 10 contracts because I believe that with an order size that small, if I submit a sell order at the bid it should fill immediately unless the market is moving very fast allowing me to lock in a profit if the trend reverses. I open one position at a time, I never leave my desk with an open position and I am 100% cash at market close every day. I use SPY because being a basket of 500 stocks it is buffered from sudden drastic moves in price giving me time to get out of a position with minimal loss if the price goes the wrong way on me. My immediate goal is $100 after commissions per round trip, a target that requires only a $0.15 move in option price. I don't always guess right on direction, 4 out of 5 is typical, and I am netting between $400 and $500 a day on 6-7 round trips. My $5000 initial play money stake has grown to about $15,000 since 1/19 when I started doing this seriously. I won't get rich doing this but over the course of a year that is an extra person's worth of income for my family. If it lets me do nothing more than pay off my house and fund future college for my 3 kids it is worth it. Now that I have proven to myself that this seems to be a reasonable strategy I am trying to understand what I can do better and am now in the area of "I don't know what I don't know." I know about Level 2 quotes but if these are something that can help me I am not clear how to use them. I know that there are all sorts of indicators that technical traders use but I don't know if these scale down to the day trading level. I know about the existence of the Greeks, and while I understand roughly what the numbers and equations mean, I don't know if these will help me on positions lasting 15 minutes or less. My main interest in posting this question is to find out if there are tools I can use to help me make better choices about getting in or out of a position or tell me more about what the market is doing. This strategy seems to be working okay and if I can translate this to real money I will consider myself successful. I don't want to be greedy but I certainly would like to know if I can do what I am already doing more effectively. I spent time on 888options and optionetics.com but it seems much of the content out there deals with strategies like spreads, butterflies and condors, things that simply don't apply to what I am doing. I know there are options day traders, even some specializing in SPY, who read these questions, and I'd be appreciative if I even had a list of books or even just some things to go research and learn about that you have found helpful in your experience. Thanks for reading this far and any help y'all provide. I definitely understand the problem with fills; in fact, I asked a question about that here the other day. I had noticed that I could put in a sell at a price like 3.10 and a minute later see a bid/ask spread of 3.15/3.20 with my sell order still open. My only thought was "What the ****?!" I was told by another answerer that in reality, on an order that small an ask below the bid would never stay open on something as liquid as SPY. Regarding filling at the mid, on SPY I could live with this. The options on SPY move enough intraday that even if every buy order filled at the ask and and sold at the bid I'd still make money because I am looking for moves of .15 on options that can move .30 or more in a short time. I've gotten good enough at picking the trend direction that I will buy options that are 3 or 4 points ITM. This gets me my .15 or more move with only a small move in the price of SPY.

In Intra day trading, any technical analysis works better? My doubt is, there are hundreds of vehicles moving in the high way. Some are faster, and some are slower. Some are bigger and some are smaller in size. There found no consistent speed among them too. Each one is moving in an unpredictable way in a given time. Each and every day, each one starts its journey in a peculiar way, dead slow, or rocket fast, in a zig zag movement. In this situation, how come a spectator, can decide the TIME AND PLACE of a particular vehicle? HERE I MEAN, THE STOCK ANALYST, HOW COME HE DECIDES A PARTICULAR STOCK, WILL GO UP OR COME DOWN IN A PRESCRIBED TIME WITH PARTICULAR PRICE, BY APPLYING SOME "STRANGE" RULES...IN INTRA DAY TRADING? Kindly read my question word by word and say the answer in a straight way please!

question regarding day trading in scottrade ? I have opened a cash acct in scottrade for trading with under 25k. I have done like 4 or more times trading in a week. However, i am only using the settled funds for trading and never violate the regulation T rule. Is that count as a "pattern-day-trader."

Day Trader ??? If I traded stock in this manner , am I day trader......... Mon : Buy 3 Tue : Sell 3 Wed: Buy 3 Thu: Sell 3 Fri : Buy 3 , Sell 3 My goal is to NOT be under day trade rules , but be as active as possible . Thanks

Pattern Day Trading Question? Question 1. If I commit 3 day trades on a Tuesday, will I be able to make 3 day trades on the following Tuesday? Question 2 Lets say that I come up with the 25,000 account equity requirement to qualify as a pattern day trader. How many trades can I make in one day? I am using a Scottrade account, and am trying to play by the rules. If you have any links, or book recommendations about Day Trading, I would greatly appreciate it!

Opened cash account from Scottrade this monday. I unintentionally traded 10 times i only have 2000$ in my acco? so,, am i in trouble? I just found about the Pattern Day trading rules. And it seems like my account is going to be frozen? What would be the best thing for me to do? should i just sell all stocks tonight and withdraw all the moeny before my account is frozen? or what can i do? it was just a mistake i had no idea about this rule. obviously i've never traded before.

Question about day trading using Scottrade? if i buy one or two stocks on a monday will i be able to sell them on tuesday as long as i only purcahse 1 or 2 a week. if i get a scottrade account i will only be making one or two trades a week max. is this ok to do because i heard something about the S.E.C. rule and that you will violate your account if you day trade. can you please help me understand this. Thanks

turtle trading rules, when to ignore a 4 week break out? according to the turtle trading rules, a 4-week break out signal should be ignored if "the previous 4-week break out signal would have resulted in a winning trade". Often there are multiple consecutive days of 4-week highs or lows. Would a signal from one day earlier count as "the previous 4-week break out"? or do i need to look farther back (not the same trend)? bob, with you answer it would mean that you would have to watch all markets and components, from the first day the market or component was created or offered. In other words it's not possible; the answer is unrealistic just like your mom.

Day Trading Question:? If I start the day with $30,000 can I make a $10,000 day trade as long as I close the position by the end of the day? Or does this violate the rule requiring $25,000 equity at all times? During the day I would have $20,000 in equity and $10,000 in said stock. By end of day I would be back to $30,000 plus any gain/loss I incurred on trade. I'm trying to understand the intent of the rule, as I would like to start a day trading account with $25,000 to $30,000 in it.

Day Trading. Minimum of $25,000? Here's my question. I understand that SEC rules require someone to have at least $25,000 in order to day trade and not be labeled as a pattern day trader. My questions is as follows, is the 25k supposed to be entirely composed of cash, or can it be completed by borrowing on margin. In other words by using a margin account. Thanks. Also I fully understand the risks associated with day trading, and the utilization of margin accounts. I've been successfully investing long term, but thanks to the current choppiness of the market, certain capital can be devoted to day trading. As I feel that there's a certain niche currently that can be exploited. Off course this capital is excess amounts of money that can be exposed to greater risks, which I'm fully aware of. Thanks, once again for taking the time to answer my question.

Day trading - without 25k? oh god..? I began trading using SogoTrade last week and I do not have 25,000$ of funds in my account. Until today, I did not know about the rule stating a person can not make more than 5 trades of one symbol in a day. Am I at risk of having my account closed? What should I do? I do not have a margin account. Does this still effect cash accounts?

Is there a T+3 day rule is we trade with 50 percent Margin and 50 percent Cash? Since there is the T+3 day rule. Lets say I have 5000 cash account. With Margin I can use up to 50 percent on Margin and 50 percent On cash account is that correct? So every stock I buy I must cover at least 50 percent? Which means i can only trade 4 days outta 5 in a week I can trade Monday 2500cash/2500 Margin ( 5k total), I can trade Tuesday (2500cash/2500 Margin). With the T+3 day rule, I usually get my money back by Thursday and Friday. Which means I can't trade on wednesday? Should I use a different approach? I want to invest the most capital on the following week.

day trading stock buying power? I currently have $4,000 in a discount brokerage account. This allows me to buy up to $12,000 worth of stocks by using margin. Since I was off work this past week I decided to buy a couple stocks and not hold them more than a day or two. The brokerage firm said I am now considered a patterned day trader and will restrict letting me buy stocks. They say I need $30,000 to be a daytrader. What is the difference if I make a lot of stock trades or not? Does anyone understand this daytrading rule and why I get to be considered a patterned daytrader just because I made about 3 stock trades a day?

Trading with MAs and EMAs: Are there any general rules with time frames? I will complete my own study, but are there any rules about which MAs and EMAs to use? For example, if my time frame is two weeks (10 days), should I use MAs/EMAs of 5 and 15? Or maybe 5 and 10? This is just a general example. I don't have a definite time frame, but was wondering moreso if there were any rough guidelines. Thanks for your help.

What is the best online brokerage for a day trader with $10,000 only? ? Fidelity has a bunch of rules that make it difficult to day trade, TD ameritrade is a little better, but you cannot actively day trade unless you have at least 25,000 - anyone know of a good online brokerage that will let me day trade however I like with a balance of 10,000?

Pattern Day trader Rule? I have been buying and selling stocks very frequently, may be buy one day and the sell the next. I avoid having to buy and sell a stock the same day, however, I did do it once. I know the rule is 4 day trades in 5 consecutive days, and I will be labeled as a Pattern Day Trader and I'll have to fund my balance to $25,000 which I do not have. My question is: If I buy a stock one day and then selling the next and then buying that stock same again on the same day, will that count as a day trade? Thanks.

what is meant my shortsell in shares? what are the rules and charges? whats meant by shortsell?if we r not able to square of the shortsold shates on that trading day what may be the result? is there any penality for that and charges? when will i get the money back to my dp account which i used for shortsell?

AMEX trading hours and rules on today ONT shares trading (my broker 'blames' AMEX)? Inexperienced trader seeking for experienced traders' input: (Thanks in advance for your time) It was 10/18 - before 1:00am - when I placed an online order to buy ONT with limit $1.20 each. I got it for $1.16 - the highest ONT trading rate for the day - even at 10:30 am east - when I called my broker to ask why I got the shares at the highest rate: 1) Broker said AMEX trading hours for ONT have not really started at 9:30am. 2) The charts on broker site show the AMEX opening hours: 9:30 am/ Opening price for about 4 minutes: $1.07/share and it did not jump right away to $1.16. 3) I did not order to buy the shares before the AMEX opening hours. But my broker said it is how AMEX deals with the orders. 4) Broker also said that if I had placed an order to sell, it would get processed immediately. Since I placed the order to buy, it didn't get thru so fast. Is here any trading sense from his say or he forgot to add key words?

Do you have to wait for 3 days for a trade to settle before trading on a cash account.? I know you don't have to wait for the 3 day settlement rule on a margin account, but how about a cash account? I heard some online brokers let you do it on a cash account. I don't like margin accounts because I don't want the temptation of burrowing money, but I still want to sell a stock and use the funds to buy another stock right away. I use www.zecco.com Oh, I also wish to sell a stock that I just bought like if it goes up the next day.

How the capital gains tax and what's the 30 days rule? I trade shares, but I am not sure about Liability. I am aware of the CGT allowance, but what's the 30days rule and what about shares being traded on same day. Can sell just before 5th April to realize my profit then buy back on 6th? for me, this lock legal and legitimate, because I should be taxed on the profit at the point on the 5th? please help... commenting on the first answer: so you mean if traded shares in less 30 days from the 4th April 07 for example, the profit (or loss) from this traded should be counted as if traded before 5th April 07 (end of tax year) and consequently from the previous tax year?? to the second answer: Thx for your help!! but I am not really trying to hide or forge anything!! i am trying to understand the law, and I am still under my allowance anyway. Thx guys, but I really the law now. So if i buy the same shares within 30days, I am considered as I still own them from the begining??? that's what I want to know. but this can be misued if it's the case. Coz you can carry your trade forward if you ares till less than your CGT allowance? for the tax prof. forget all the discussion.....my question is simple: WHAT's the 30days rule? Thank you Sankey B. and all of you guys who took time to explain this matter to me. now, I understand the sequence of following up the trades by HMRC, but still the I cant get the 'so what'? what this affect, my cost price of original 'buy'?? this mean if the price declined (in the 30days) I can use this to my sake? Snakey, I know my English is not perfect, becasue I am not a native speaker, but you say: 'then for tax purposes you might as well not have sold them, because it will not make you have a capital gain'. Can you kindly explain your English. does this mean that as if I owned the shares all the time (during the gap between disposal and rebuying) and not sold them anyway? so as if the HRMC will assume that I made a gained which did not really make? Why Tax is soo taxing!!?

Of the following statements about futures trading, which one is INCORRECT? A. There are no specialists on futures exchanges. B. All futures contracts are eligible for margin trading. C. Trading is halted for the day if the prices reach the daily limit. D. The uptick rule applies to the shorting of futures contracts.

What are the basic rules for how OFTEN you can trade stock? I was doing some research on "Day Trading" and it seems like you have to be an offical "day trader" to do day trading. I always thought that you can buy and sell stock anytime you want. I didn't know there were rules for how long you can keep it or how quick you can sell after you buy. So what are the rules? If I'm not a day trader, does this mean I can't buy shares and sell them later that day if the price goes up? How long do I have to hold stock after I buy it?

Another pattern day trade question:? Let's say I hold 100 shares of stock XYZ overnight. The next day, I buy 100 more shares of stock XYZ. Later that day, I decide to sell the 100 shares of stock XYZ that I held overnight. Do the IRS and the SEC honor the same first-in-first-out rules when it comes to day trades? In other words, is this considered a day trade?

Is it possible for the stock market to have an effective uptick rule when you have all the trading? on ECN's going on these days? How can you have uptick rules for the ECN's not to mention the darkrooms and the other private stock exchanges?

Few Qs abt INTRADAY TRADING... in India? Me a newbie to the market... but dont startoff with the RISK factor involved in day trading unless necessary Are buy and sell orders put by u executed in click-time (generally, irrespective of volumes traded)?Can u explain abt ask price and bid price in general? What abt Direct Access Trading with no brokereges....is it open for everyone? If its only thru cash with no margins...then can we own the shares at the end of day if prices r down like normal buying of shares? or diff set of rules apply for ID trading? Is thr a min. amount to start with for trading? In brief,what and how are diff types of ID trading done ? TIA

Day Trading and Multiple Partial Fills? Hello, I do understand the day trading rule (and my account is under $25,000), but I have question about a trade and many partial fills. Let's say that I am purchasing 2000 shares of HIG stock. I entered an order and click "purchase" button. The stock has been purchased with three different lots (1000+500+500). When I sell 2000 shares of HIG at same day, how many day trades I've done? 1 trade or 3 trade? Again, I know the general rule and don't want to play dangerous day trade, but I need to get out same day sometimes. So I want to understand this kind of transaction clearly. Thank you, So, it's considered to be one day trade, correct? Thank you again. I know about the AON option, but the scottrade only allows me to use the option on limit order, not on market order. Thank you everyone,

Am I a day trader on Scottrade? So I use scottrade and I know they have some rule such as you are not supposed to make more than 4 day trades in 5 business days or something. I very rarely (once) buy and sell the same day. I may buy and sell something within the same week though. So if I have one or two trades every day but they are not day trades, am I going to get in trouble with scottrade for being labeled as a pattern day trader. Thank you in advance for your help, I appreciate it.

Is this considered day trading? If I buy 500 shares of XYZ on Monday. Buy an additional 250 shares of XYZ on Tuesday. Sell 200 shares of XYZ on Tuesday. At the end I am left with 550 shares. According to the pattern day trading rules, is this considered day trading?

Best Stock Trading Platform for day trading of multiple stocks? I'm looking to manage a few hundred stocks during day trading so I need an automated platform that will basically place all my orders for me on these stocks based upon my rules as to when to buy and when to sell. Like I'm saying I cannot physically place these orders myself at the prime time so I need a day trading platform that will automatically place all orders based upon my specific criteria. What do you recommend to be the best platform/stock broker to be able to do this so it's all automated and I can just manage it from there? Any suggestions? Thanks

Is there any restriction that I have to sell a stock [bought for day trading purpose] at that day? Suppose I bought 10 stocks of xyz with the purpose of day trading...but the stock price go down heavily during the day....is there any rule that I have to sell it at that day before market closes or may I hold it for next day or longer?

Question about Trading Stocks in a CASH ACCOUNT? ok i have a question about cash accounts and the three day rule. if i have $10,000 in my account and buy and sell $5,000 worth of stock in one day do i have to wait three days to trade again or can i buy/sell with the other $5,000 in my account that i did not use? thanks

what are the rules for day trading? like do u hav 2 sell or can you hag on2 your stock like a normal trade//? what this so different?

how to avoid three day trading rule? i have a cash account and have to wait three days after a trade for the funds to settle. is there anyway i can avoid this? do margin accounts eliminate this problem? i like using my own cash and do not want to trade with loaned out money. thanks

A question on day trading and wash sale rule? I am a pattern day trader, and I was wondering if wash sale rule would increase my tax. Other than no buying the same stock for 30 days, there is no way to avoid wash sale rule except for getting IRA account?This is my first year as a full time day trader and it will be my first year to pay income tax as well.

When day trading, is it limited to 3 day trades/wk for same security, or even for multiple securities? i'm just wondering if, for example, i'm day trading and i sell my security, does the 3 day trades rule apply if i'm ONLY trading that same security multiple time during that 5 rolling day period, or can i trade multiple securities that same day? for example, i buy and sell stock ABC for 2 roundtrips, buy and sell stock CDE for 1 roundtrip, and buy and sell stock EFG for two round trips on the same day....basically my question is if you can make many day trades within the week if you switch off on securities?

What is the day trading rule? I understand that if I execute more than 4 day trades in a 5 day period, I will have to bring my account value to $25,000 and open a margin account. Say I buy share X and sell X in the same day. I realize that this is considered a day trade, but would this count as 1 or 2 towards the limit of 4 (do they mean round-trip trades or each buy and sell of the same stock)? Also, if I were to already have X in my account from a previous day, then sell it and buy it back on one day, would this be considered a day trade? ie. does it have to be "buy then sell in the same day" to be considered a day trade or is it also "sell then buy" if you already own the stock?

stock trading question? (ive been paper trading) I'm so confused about the whole margin thing and $5 rule thing and trade+3days thing....I posted a question on here before but then I forgot to mention some things. I am planning on using scottrade. I only trade a certain way. I will only have $2,00 to start out with to open up a margin account. Most of the stocks I buy are priced under $5, I buy in the late afternoon and sell the next morning, and I only want a margain accout for bridging/padding the trade plus 3 days rule....most of the stocks that i can manage to make money on are mostly priced under $5...I want to trade 5 days a week...with $2,000 in a margin account...can I do this? Again I only want the margin account for "padding"...but the stocks are priced under $5....

Why did the SEC put restrictions on day trading and buying with unsettled funds? I don't get why the rules are necessary. Who gets hurt if I sell with a purchase made with unsettled funds. And why should day trading be restricted.

Can you do day trading on Scottrade? Hi, if you open an account at Scottrade and would like to hold stocks for periods as short as, say, a few days, despite the fact that you lose $7 per each transaction (the buy and the sell), and possibly about 50% of the profit in taxes, are there any other penalties or taxes/fees, or rules that would prohibit you from doing it?

Margin Interest on day trading ? I'm thinking to open margin account to day trade (avoid unsettled funds) i saw really helpful video about Day Trading Rules but now i confused about margin interest...i have 25000 if ill open margin account my buying power would be 50000 but how about day trading buying power??? is it going to be 50000 too?? or less ?? and my main question is im planning to day trade just with 10000 am i still going to pay interest ????

can someone explain the rules on day trading with 25k? so let me get this straight if i have 25k i can move in and out of the market as much as i want correct? so for an extreme example i can move in and out 100 times as long as i keep above 25k? also if i only have 25k and my buying power is 50k, but i move in and out repurchasing stocks using only what i put in (25k) am i using margin? for example i buy a stock for 25k wish is my cash i put in. i sell and buy 20 times, am i using margin? if no, then i won't be charge interest right? omg i dont get it now so then what's a pattern day trader? i thought a pattern day trader can trade limitlessly as long equity is 25k or above

Pattern Day Trading Rules? Does it apply to all your accounts or each? So I am clear about the 25k rule, 3 daytrades in 5 days. My question is: If I have two brokerage accounts.... ie. scottrade and TOS... Does the rule count for the two combined or for each one, meaning I can do 3 day trades in scottrade and 3 daytrades in TOS? Thanks

is the FINRA pattern day trader rule applicable to firms that are not FINRA members? i want to be able to day-trade freely with an account balance of less than $25K. can i do this through a brokerage that's not a FINRA member firm? also, is the pattern day trader rule applicable to forex trading the same as it is to trading stocks and options? thanks!

What qualifies as pattern day trading... want to avoid a Reg. T margin call? I know the SEC rules / FINRA rules thanks to the series 7 exam.... but one thing isn't clear to me. If you have a margin account that has less than $25,000 in it, you are not allowed to engage in "Pattern Day Trading" which means you are allowed three day trades within 5 business days rolling. So if you take 1 day trade on a Monday, Tuesday, and Wednesday, you cannot take another trade until the following Tuesday (in which you could only take 1 day trade since the trades you took the previous Tuesday and Wednesday still count for the 3 trades in 5 business days).With this same example, if you did not take a trade until the following Thursday, you would be fine for 3 new day trades. Now my question about this is what is considered a day trade. I know if you buy or sell short an equity and cover within the same day, that is 1 day trade. But, what if you buy an equity, and then buy more of that equity later in the day, and then sell 1/2 of your position a bit later, and the other half after that. Would that count as 1 intraday trade or would it count as 2 trades since you had 2 buy orders and two sell orders? Or say if you buy a stock, buy more during the day, sell half, and hold the other half overnight. Does that count as a day trade? There are a ton of different examples I can come up with, but I won't list them all. Basically, what qualifies as a day trade under FINRA and SEC regulations? Thanks!!! Reg T regarding the amount of equity being at a 2:1 ratio for margin.... I mixed in two things.... but the question at hand is regarding day trading!

Wash sale rule and day trading question? Hi, I am efiling my taxes and I have some problem to understand the wash sale rule; I basically day traded in 2009 for 3 months and I ended with a major loss of $7,000; Now it appears that I even have to pay taxes on aproximately $9,000 of CAPITAL GAIN, I find it absurd to have lost $7,000 and pay taxes on a 9,000 gain; I read the IRS article re wash sale and it says a was sale is "the sale of a stock at loss" and the repurchase of the same stock within 30 days to offset the capital loss; I did not want to offset any loss, I was just day trading and I do not agree to have loss so much money and being not able to deduct these losses; Can anyone advice on how I can detail this trading loss on my taxes? Can I write a letter to IRS, ttached to my taxes explaining this problem? pls advice thanks

Day trading and Wash sale rule: if I buy and sell the same stock on the same day, does the wash rule apply? Hi, I am efiling my taxes and I am confused when to claim my losses under wash rule or not; Many times I bought in 2009 blocks of shares the same day without thinking of a REPLACEMENT of the previous block of shares: under this rule the IRS seems to tax all the profits but ignoring the losses that a day trader occured by purchasing different blocks of shares of the same stock; Can someone tell me when I have to consider the purchase of a block of shares a replacement? pls advice thanks

Anyway to bypass day trading limit under $25,000 with TDAmeritrade? Okay, I've read up on the limitations: The NASD provides that a pattern day trader is any account that executes four or more round-trip day trades within any rolling five-business-day period, provided the number of day trades represents at least 6% of the total trading activity during the same five-business-day period. Day trading is the practice of purchasing and selling, or short selling and purchasing to cover, the same security in the same trading day within a margin account. If activity in your account is classified as "pattern day trading," you may be subject to the following restrictions: Minimum Equity Requirement – A pattern day trader's account must maintain a minimum equity of $25,000 at the start of any day in which day trading occurs. Pattern day-trader accounts that fall below the $25,000 minimum equity requirement will not be allowed to day trade. If a day trade is executed when the equity is below $25,000, the account will be restricted to closing transactions only for 90 days, or until the equity is brought up to $25,000. I have under 25,000, but would like to continue day trading. I just want advice on how I could bypass this rule.

Is it a day trade under patter day trading rule? If I buy 100 shares of XYZ on Monday, sell on all on Tuesday, and then re-buy 100 shares of XYZ again later on Tuesday (sam day), is it counted as one Day Trade under the pattern day trading rule? Thanks, TGreen

I need some clarification on the 25k day trading limit? My scottrade account shows the following: Buying Power (Margin): $28,446.00 Buying Power (Non-Margin): $14,223.00 Total Money Balance: $14,223.62 Total Account Value: $14,223.62 So my question is do I have enough for the 25k day trading rule, or do I actually need 25k as my money balance, rather than just my margin buying power, which shows that I have enough in that case? Balance Details

pattern day trading rule? I am leaning about stocks and am a little unclear about the day trader rule. For example, if I buy 100 shares of ABC and the same day I sell them 100 shares that is consider to be two of my three allowed day trades or is that consider one? Do they count the buy as one and the sell as one? I have see some conflicting info about this and want to be clear of it.

What are 5 good rules for day trading? I am simply asking for an informative list.

any brokerages that allow active day trading without putting restrictions? i think it is a rule that you are only allowed 4 day trades in a 5 day period and thats if you have a 25000 dollar equity. are there any brokerages that dont have these rules because these rules are keeping me from making a lot. oh thats just dumb