Just one trade each day, under 25000 dollar? - OK or not?

Persson121 · Mar 10, 2012

Hi.

I just wondring about the patterns day law. You must have 25000 dollar or more to be a daytrader. But is it OK if is have like 20000 or less, and made one trade each day?

Just one. Is it okey or not?

VielGeld · Mar 10, 2012

The rule applies for the week, not a daily basis I believe.

dazzer_fx · Mar 10, 2012

Persson121 said:
Hi.

I just wondring about the patterns day law. You must have 25000 dollar or more to be a daytrader. But is it OK if is have like 20000 or less, and made one trade each day?

Just one. Is it okey or not?

As soon as you hit 4 trades in any 5 days you are classified as a day trader and must
maintain $25000 in your account. (US stock or etf)

Persson121 · Mar 10, 2012

dazzer_fx said:
As soon as you hit 4 trades in any 5 days you are classified as a day trader and must
maintain $25000 in your account. (US stock or etf)

I wonder why, and what will happend if I made 4 trades or more in 5 days, or less?
In my country we can trade as much as we want. We don't see the problem, and it isin't a problem neither.

Patricia12 · Mar 12, 2012

If your broker is local broker means same country broker which you belong then there is no problem but if broker is of other country then you will have to follow rules.

Just one trade each day, under 25000 dollar? - OK or not?

Persson121

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