Stock Trading and Other Things

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

Public Comments

1. To beat the day trading rule - open accounts with different brokers.

2. The examples you give are not day trades.
A day trade means the position was opened and closed the same day. (Buy/sell or short/cover)

If you make an occasion day trade it won't matter. If you make 4 or may in any 5 consecutive business days, you will be labeled a pattern day trader. That is when the day trade rules come into play.

As a pattern day trader you must have a margin account and maintain a minimum balance of $25,000.00.