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 Dec 07, 17 5:57 AM

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

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

Join now or log in to leave a comment