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Search: Posts Made By: Big Mike

Forum: Traders Hideout

April 29th, 2010, 12:02 AM

Replies: 8

Would this count as a day-trade?

Views: 6,745

Posted By Big Mike

Can't speak for MBT, but with IB you could ask...

Can't speak for MBT, but with IB you could ask for a waiver like once a year or once a quarter or something like this, where if you got flagged you could ask for a waiver after promising to never...

Forum: Traders Hideout

April 28th, 2010, 07:52 PM

Replies: 8

Would this count as a day-trade?

Views: 6,745

Posted By Big Mike

BTW, should really ask your broker as its them...

BTW, should really ask your broker as its them you'll be dealing with if the flag your account as a PDT.

Mike

Forum: Traders Hideout

April 28th, 2010, 07:51 PM

Replies: 8

Would this count as a day-trade?

Views: 6,745

Posted By Big Mike

I think the issue is buy/sell same day, same...

I think the issue is buy/sell same day, same instrument.

So regardless of the day you bought, if you sold today and bought more today, or even if you bought more today then sold today (order...

Forum: Traders Hideout

April 28th, 2010, 06:45 PM

Replies: 8

Would this count as a day-trade?

Views: 6,745

Posted By Big Mike

Yes, it counts as a day trade anytime you buy and...

Yes, it counts as a day trade anytime you buy and sell the same instrument in the same day.

You can find details on the Pattern Day Trader rules here, this IB link does a good job:
...

Showing results 1 to 4 of 4

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