Quote:
Originally Posted by MrMaxwell
There is no set predetermined $ limit... as long as you're not too high of a percentage of trade volume (and the volume isn't wash trading) you should be able to get in and out without a problem..
That god damned day trade rule really pisses me off
But
I have never not found a way around anything I didn't like, yet
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Then do Forex trades. You can do as many of those as you like.
The Day trading rule is tricky and you can still break it even if you only do 3 trades in 5 days. The SEC considers a "day trade" as any trade that you buy & sell on the same open & close day.
It just depends how strict your broker is.. I got away with quite a few because I always had extra cash in my account so I wasn't flipping stocks using the same cash I just sold with. There is a 3 day settle period for every trade hence the reason for the rule as it was abused to death by margin traders in the past.