Pattern Day Trader question.

Trade futures, forget stocks. No silly PDT rules, more liquidity, more potential.

Or....put up 5k at a prop firm and trade stocks all day, as much as you'd like.
 
Perhaps you should try IB again and tell them that a rep said the opposite to another questioner (I was talking to Aimee in IB chat, FWIW). Get them to confirm situation once and for all.

However, I'd be shocked if this was regarded as two trades - that would not make any sense at all.
 
Pirate, the person you talked to is notorious for providing this kind of information. It has been such that some of the traders just prefer hanging up and then possibly re-try if certain IB CSRs pick up. Do search, you will get detailed information on the topic.
 
I agree tho, it doesnt seem like it wouild make much sense..

That liquidating a position, after u have done 3 Daytrades..

makes u a pattern day trader.
 
Quote from The Swordsman:

Yeah but she also has an adams apple as big as her balls :D
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I bet she would do well working for Ping Jiang @ SAC!
They are hiring Babe's with Balls.
 
Quote from Pooks:

My question is if I buy a stock, and than later I sell it in 2 chunks.. Lets say half the position sold in the morning, and the other half sold in the afternoon...

Now looking at it thru the eyes of the Pattern Day Trade police..
would that all together still be considered 1 trade, or is that 2 trades?

the reason I ask, is cause I know the IRS can only see our SELLS not our buys. so in this case 2 sells would register..

making it look like 2 transactions.
but ofcourse there was only 1 initial BUY..

now the SEC is separate from the IRS i know, but its still government, and who the hell really knows how it all works.. well not me atleast.. so simple question I guess...

is that 2 day trades or 1?
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I may (and don't mind) be wrong but I would have thought that case would only be one day trade. Oddly enough I don't see that exact example on the IB web site.

http://www.interactivebrokers.com/en/trading/marginRequirements/margin.php?p=d&ib_entity=llc
 
Yup exactly..

I've emailed a bunch of People left and right for this answer..

It is a big part of my trading strategy with stops.

I want to use multiple stops at different risk levels.

I have to admit I find it odd, that no one has personal experience dealing with this or anything like that.
(maybe a lot of people dont wanna admit they're trading with an account with less than 25grand, I know u guys are out there!, grow some ballz ;-) lol
 
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