In the Regulations and Requirements for Daytrading from the Regualotry Stocks Requirements or w/e its called that you must mantain a balance of at least $25,000 to day trade…
However, day trading in their definition is trading the same stock or option 4 or more times during a 5day trading period…
SO CAN I DAYTRADE WITH DIFFERENT STOCKS with the amount I mentioned (or must I hold overnight?)
what i meant was SEC REQUIREMENTS
You will have to hold for at least three days, or at least hold onto the cash proceeds from any trade for three days. It takes that long for a trade to clear, unless you are approved for day trading, in which case you do need a minimum account of $25,000. For instance, you could buy a stock and sell it the same day, but if you used the cash proceeds to buy another stock, you would be required to hold that stock for three days before selling it.
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