Robert Morse
Sponsor
Actually, its Monday when you can make the next trade. Trades fall off on the fifth day.
A way to get around it is by trading options and specifying to your broker that you don't want margin in your account. They are all cash and settle the next day. As long as you don't exceed 12K total in a day, you can round trip as much as you want.
Say FB $165 calls are $2. ($200/contract). You can buy and sell 10 contracts ($2000).... six times in one day.... and do the same thing tomorrow. No violation.
I would not however recommend trading options directionally unless you know whats up with the underlying stock. 10 contracts is 1000 shares so you are using huge leverage. Dangerous waters. Start small, ie 1 or 2 contracts.... and it has to be a very liquid instrument with penny spreads. $SPY or $IWM work well if you want to try and game general market direction.
My mistake. I counted forward and did not include the first day as one. For trading that starts on Monday, those day trades fall off the rolling 5 days on the next Monday. So if you did one DT on Monday, you can do 1 DT the following Monday if the previous week you did a total of 3.