Day trading is buying and selling the same security within the same trading day (though if you don't already know that, you shouldn't be answering this question).
Suppose I process a series of buys on a particular security in the morning. Then sell them all in the afternoon.
Buy – Buy – Buy – Sell
Does this count as one day trade or three? What if either the Buy or Sell orders were partial fills?
Thanks
Thank you very much StopSpending.
What if the buys were separate orders, but you execute a single sell for the total lot?
From Rule 2520:
"The term "day[-]trading" means the purchasing and selling or the selling and purchasing of the same security on the same day in a margin account"
"The term "pattern day trader" means any customer who executes four or more day trades within five business days. However, if the number of day trades is 6% or less of total trades for the five business day period, the customer will not be considered a pattern day trader"
It's pretty clear to me that to "execute" a trade. I place an order and get fills. The order and the fills are a "trade". Now, if your two "buys" are based upon two separate orders, then the pattern you ask about would be two day trades.
Further info:
Interactiveborkers gives clear examples of day trades on their website. Another reason why I like that firm so much. Looks like your two buys and one sell example is just one day trade.
So a good guess would be 40%.
Most brokers offer service by pohone or online servicee, but they still work with huge delay.
Is there way to trade as fast as brokers do through their market connectivities?
Any suggestion and links to corresponding financial institutions would be appreciated.
Roman Voznyuk
Some of the more commonly day-traded financial instruments are stocks,stock options, currencies and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures.
Day trading used to be the preserve of financial firms and professional investors and speculators. Many day traders are bank or investment firms employees working as specialists in equity investment and fund management. However, day trading has become increasingly popular among casual traders due to advances in technology, changes in legislation, and the popularity of the Internet.
Thanks!!
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more on my blog
Since there Trading Syestem was going down several times in a day and every one was loosing so much money, I have decided to leave that Firm.
I am a prop Stock trader and joined them because they were advertising and claiming they are honest.
However , afdter 6 months i , was not able to get the remaining money on my account from them.
They dont even answer the phone andif they do they alwas promise that they will send me the check , however since 6 months ago i still didnt get my money back.
Please be careful if you wanna join them and if any one has any experience ,share it with me.
Based on my information the did the same thing to several other traders and they all had to go to court to get their money.
it is so funny because on their Ads they are claiming that they are very honest.
Ha Ha ,
Now we know what is the meaning of honestly
ALSO – where (online) can I find the daily amount of stocks trading hands?
http://finance.yahoo.com/marketupdate?u
There is no single indicator to use as a crystal ball for direction. Volume is generally used as a confirming indicator.
they required a min cap contribution so they cashed out my check, and
now they are playing dodge ball, if the firm does not return your
capital,where can you file a complaint aganist them,they are LLC, and
members of PHLX,SIPC
http://www.saveyournestegg.com/scam.html
You say you are doing OK – are you comparing your returns to their proper benchmark?
I recommend Vanguard for several reasons. They are client-owned so they do not have conflicts of interest with clients. They stayed out of the scandals. Their costs are very low. They are set up so that active trading is not allowed (so you don't pay the costs for active traders). They have excellent funds. Their philosophy is 'buy and hold'. They have a wide selection of mutual funds and ETFs. Their index funds are very well-managed (often the expense ratio is partially offset). They have excellent customer service.
I bought a stock, 5,000 shares at .09 cents. I meant to buy at .05 cents, and that's what my confirmation said before I placed the order, but I didn't realize that the quote of the stocks are 20 mins delayed. Sharebuilder doesn't offer actual real-time quotes, imagine that. Anyways, my account ended up a couple of hundred dollars short, mainly because it still processed as 5,000 shares at $0.09. Anyways, I put a limit order in to sell all of the shares when they hit $.010, low and behold, it hit 0.10 today, but my shares haven't been sold. Called SB, and they said for large orders, it could take a couple of days over a few different trades, and that I would be charged $11.95 for each trade.
Is there a better place or way to do these types of trades? Thanks!
One other thing, I use scottrade and am very happy with them.