How do you buy and sell specific blocks of shares so that they don't get counted as day trades? If I bought SKF yesterday and then again today, if I try to sell any shares today it will still be counted as a day trade...
Not counting Margin Messie, I gotta head out for a few, but if you have over 25K then the day-trading limit is lifted. Unless there's been a change I didn't hear about which I doubt???
If you are flagged as a pattern day trader, you'll be subject to restrictions, including a minimum equity of $25,000 at the start of any day in which day trading occurs. Pattern day-trader accounts that fall below the $25,000 minimum equity requirement and day trading will be restricted to closing transactions only for 90 days, or until the equity is brought up to $25,000.
I think it's just saying that if I don't have 25K, they'll clamp my ass down. I think those warnings are just warnings: I'll be flagged as a pattern day trader, but I CAN day trade, until I go under the $25k mark.
How do you buy and sell specific blocks of shares so that they don't get counted as day trades? If I bought SKF yesterday and then again today, if I try to sell any shares today it will still be counted as a day trade...
ReplyDeleteIf you have over $25,000 you can do unlimited day-trades
ReplyDeleteHuh... I do, but I still get that warning when I get to 2 or three day trades...
ReplyDeleteNot counting Margin Messie, I gotta head out for a few, but if you have over 25K then the day-trading limit is lifted. Unless there's been a change I didn't hear about which I doubt???
ReplyDeleteOr maybe Ameritrade is just programmed in to give that warning rather than change their program for those over the 25K?????
ReplyDeleteLemme know as i'd like to know.
Okay, now I get it. TD Ameritrade sayz:
ReplyDeleteIf you are flagged as a pattern day trader, you'll be subject to restrictions, including a minimum equity of $25,000 at the start of any day in which day trading occurs. Pattern day-trader accounts that fall below the $25,000 minimum equity requirement and day trading will be restricted to closing transactions only for 90 days, or until the equity is brought up to $25,000.
But you said you have $25K??? So it should be lifted??
ReplyDeleteI think it's just saying that if I don't have 25K, they'll clamp my ass down. I think those warnings are just warnings: I'll be flagged as a pattern day trader, but I CAN day trade, until I go under the $25k mark.
ReplyDeleteThats what thought. Good luck from here bud (not that I wasn't pulling for you before LOL)
ReplyDelete