Definition PDT-Question

P

pete180

under 25.000 $ traders
if I buy today three different stocks and sell em tomorrow, did I finish my trading week ? or can I buy tomorrow again and sell the day after tomorrow and so on ? the question is: am I a PDT if I always hold overnight ?
thanx
pete
 
yes - i think so. but holding overnight can be very risky these days. and if one of your stops gets triggered the same day - you would have a daytrade.
 
Pete....My understanding is you are allowed 3 roundtrip daytrades in any 5 day period. Anymore you're classified as a pattern daytrader.
Anything held overnite is not a daytrade so doe'snt count,..do as many as you want.

Take a look at EXDS 24/9---25/9 shows that to do it that way it may pay to be on the ball at 8am
 
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