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Can you still be labeled as a pattern day trader if you enter and exit 4 different stocks in 5 business days?

Asked by: Trader 267 views , , , , , , , , ,
Day Trading

Also, I’m depositing 25K into a margin account, can I day trade? Or do I have to wait for the proceeds to settle before entering my next position? Does anyone use MB Trading or any of the platforms they offer? How do you like them? Which one is the best?

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3 Answers



  1. C Brown on May 05, 2011 Reply

    Yes you will be classified as a “pattern day trader” if you buy/sell a single stock 4 times in less than 5 business days.

    If you have 25k in your account at the time of the trades, then your account will not be closed and there will be no consequences. Make sure that you have at least 25k in your account at all times if you plan to day trade regularly.

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  2. brad on May 05, 2011 Reply

    As long as your funds and holdings equal 25k you should be fine. I would be careful with the pattern day trader. It caused a lot of problems and losses for me.If your in a margin acct the funds will be available as soon as you exit a trade, no settle days. 4 different stocks wouldn’t net a pattern day trader. They are all different companies, so it wouldn’t count.
    You could also keep buying a certain company over a few day span and add all youyr buys up and place a sell and that wouldn’t count.

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  3. betotron on May 05, 2011 Reply

    you have to wait
    buy gold gld and relax

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