Day trading question from a new trader
Hello,
I am new to trading with margin. I used to have a cash account and I am a little messed up with the day trades left since I have an account smaller than 25k.
When I buy a stock, and I add to my position then I sell its counted as 2 day trades or just 1? How many times can I add to my position? what about shortselling?
Thank you very much and I apologize if this is a really stupid question,
Julio de la Cruz
I am new to trading with margin. I used to have a cash account and I am a little messed up with the day trades left since I have an account smaller than 25k.
When I buy a stock, and I add to my position then I sell its counted as 2 day trades or just 1? How many times can I add to my position? what about shortselling?
Thank you very much and I apologize if this is a really stupid question,
Julio de la Cruz
Hi Julio - welcome to the forum.
What you are talking about is called pattern day trading.
Here are some topics that cover this:
Question regarding Day Trading in Scottrade
Suspended for Day Trading
What you are talking about is called pattern day trading.
Here are some topics that cover this:
Question regarding Day Trading in Scottrade
Suspended for Day Trading
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