sorry guys, i have been on this board for couple of years and seen al the discussions on this daytrading rule, but as i was reading thorugh IB disclosure statement it said:
The Day Trading margin requirements are in effect from 9:30am to 3:55pm NYT each trading day, and at 3:55pm each trading day regular stock margin requirements will govern until the opening of the next trading day.
i dont need a long threda on this and administrator feel free to kill it after a few posts.
but my question is, if the PDT rule is in effect from 9:30- 3:55, does it mean that i can have a daytrade in the pre market hours and not count it towards a day trade? or can i open a position in pre mkt and then close it during the day, would the system read it as a closing position from previous day?
thnx for a brief explanation/
The Day Trading margin requirements are in effect from 9:30am to 3:55pm NYT each trading day, and at 3:55pm each trading day regular stock margin requirements will govern until the opening of the next trading day.
i dont need a long threda on this and administrator feel free to kill it after a few posts.
but my question is, if the PDT rule is in effect from 9:30- 3:55, does it mean that i can have a daytrade in the pre market hours and not count it towards a day trade? or can i open a position in pre mkt and then close it during the day, would the system read it as a closing position from previous day?
thnx for a brief explanation/
