Hello everyone i have a question regarding to the pdt rule.I had a good trading week. Monday i use one day trade. By tuesday i use 2 day trades.Wednesday I wasnt paying attention to market because i was at work. Thursday came around and i seen an stock i wanted to trade really bad. I didnt pull the trigger because i knew i use 3 trades already. But i thought to myself what if i did buy the stock thrusday10am and sold the stock friday 9 40 am would i or not be violating the pdt rule. I just didnt want to make a beginer mistake and not be able to sell the stock till the upcoming monday. If anybody could give me the answer i would appreciate it
Remember that you get 3 day trades per 5 trading days before your account is out to restrictions. You will get a PDT warning on your last day trade prior to restriction. Also if you buy in lots and say but twice and sell that day it counts as 2 day trades
Well lets put it this way... you can do exactly what you said, but if it drops that day and you try to sell its your 4th day trade period and that is what happened to me. So be careful and good luck
It happened to me before too so I created my plan around it. If I was out of day trades I would either wait for one to be credited to my account or buy into the close to limit the amount of time I had to hold before I could sell without penalty
Thanks for the advice guys. This info will be very helpful in the future. Hope everybody profit this week.
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