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?
Public Comments
1. Red sky during the day, money to be made. Red sky at night, hold your money tight.
2. Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day trading is extremely risky and can result in substantial financial losses in a very short period of time.
Under the rules of NYSE and the Financial Industry Regulatory Authority (FINRA), customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts.