Stock Trading and Other Things

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.

Public Comments

1. Not if your account has a balance of $25,000 or more. Otherwise you do need to be careful. There is a 3 business day settlement period, so except for the occasional day trade you need to wait 3 business days before selling.