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whilechukwuzout
whilechukwuzout Jan 17, 18 12:53 AM

I like the idea. Used to do that all the time with a local group from my car forum. No idea where HTX is though lol.

othealpha
othealpha Jan 22, 18 11:15 PM

@whilechukwuzout Thank, I got the idea from old business mixers I used to attend. HTX = Houston, TX. I know we're a world wide community, but doing what Sykes does at a local level can help out with working out some of the kinks in our own trading strategies as well.

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NATDIAM
NATDIAM Dec 07, 17 4:21 AM

if the first answer is right this means that you can only open and close a day trade ONCE every 5 days, because the last day trade in useless if you can't close it

Drgeske1
Drgeske1 Dec 07, 17 5:57 AM

It doesn’t count as a daytrade if you hold it overnight.

Kody
Kody Dec 07, 17 9:13 AM

you should check with your broker. it seems each broker interprets it and has their own set of guidelines. Example: my margin account at IB - once you use all 3 day trades you no longer can open a position for overnight or swing. So essentially I'd always have to save a day trade in case I wanted to overnight a stock. if you have cash account there is no PDT requirement. Hope that helped

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wannabestocktrader
wannabestocktrader Nov 28, 17 2:52 AM

See this as well: http://www.finra.org/investors/day-trading-margin-requirements-know-rules "Does this rule change apply to cash accounts?" The terminology not to get stuck on is the fact that with a margin account, you can trade with unsettled funds again as soon as you sell, hence the ability to "day-trade" in the first place. Whereas with a cash account, you're fully buying and own the shares, so you're free to sell as soon as you want, but you can't reuse the funds until it's settled (T+2 no

othealpha
othealpha Nov 29, 17 12:26 AM

Thanks everyone for the feedback! Must appreciated!

lsg582
lsg582 Dec 06, 17 8:31 PM

I am using RobinHood and they only allow you to make 4 day trades a week if your account is under $25,000 before they block you from making any day trades.

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