How does the PDT Rule apply or not apply to pre-market & after-market trades? I read somewhere that trading pre-market and after-market does not count against your 3 allowed trades. Is that true?
Posted Feb 16, 17 8:08 PMbyDeeSniper
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Basics
Its also worth noting that a buy order is what counts as the trade. Meaning you can scale out of trades and it will count as 1 day trade.
Thanks so much!!!
ETRADE confimed that PDT Rule ONLY applies to margin accounts. There is no PDT rule for cash accounts.
You have to wait until the cash settles into your account after each trade for cash accounts and that normally takes 3 business days. Google the "Good Faith Violation".
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