Recent content by mohabitar

Now if i have a margin account, and trade lets say 4 day trades everyday for only FOUR days, will i be classified as a PDT? For example, Monday: BUY and Sell MSFT, then IBM, then CSCO, then GOOG. Tuesday-Thursday: Do the same exact thing i did monday. Friday: Take a day off and dont trade...

1) If I buy and sell numerous times in one day, say buy and sell a stock 5 different times in one day, and do it for FOUR consecutive days, will i be classified as a PDT? What i read was if u trade for 5 consecutive days not four. 2) If in a margin account i have 3000 dollars cash and 6000...