H HGTrader May 17, 2004 #1 If I purchased ten different stocks, and sold them all, the *NEXT* day, would I then be classified as a PDT, and thus be forced to maintain the 25k minimum equity in my account?
If I purchased ten different stocks, and sold them all, the *NEXT* day, would I then be classified as a PDT, and thus be forced to maintain the 25k minimum equity in my account?
C CharlesTrader May 17, 2004 #2 See NASD Rule 2520: http://www.speedtrader.com/nasd_rule_2520.html http://www.nasdr.com/pdf-text/0126ntm.pdf Charles
See NASD Rule 2520: http://www.speedtrader.com/nasd_rule_2520.html http://www.nasdr.com/pdf-text/0126ntm.pdf Charles
