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.

Public Comments

1. I noticed a lot of mis-information on this topic.
If you buy a stock one day & sell the next, its a "swing trade"

The rule (SEC2520) applies to anyone who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. A pattern day trader is subject to special rules. The main rule is that in order to engage in pattern day trading you must maintain an equity balance of at least $25,000 in a "margin" account.
If you can't provide the $25k the SEC will still allow you to trade on a "cash only" basis.