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.
Someone has pulled a bin Laden trade and has made nearly one billion dollars in puts for the SPY. I'm trying to find out more about this put that was made on the SPY.
Google " bin Laden trade put 4.5 billion " .
4.5 billion dollars will be made by September 21st, 2007, if the puts don't expire first and if something causes the markets to drop by 30 to 60 percent. Terrorism threat/extortion? China drop-kicking US dollars for the $10 billion they lost in sub-prime loans? US Gov being blackmailed?
You can read about it at this forum http://www.tickerforum.org/cgi-ticker/akcs-www?post=4669 The last pages of the forum holds the best information.
Are puts considered confidential or are they posted on the 'Net somewhere? Been looking for several days and can't find the information.
For instance, if you own stock now selling at $10 each and want to protect your portfolio against losses, you could buy a put option. Say, your stop loss is 10% loss. You would either sell your stocks when they fall below $9 each. However, this would not guarantee a stop loss because every seller would be freaking out and wanting to sell these stock. So, the stock price might even fall to say $7 each, missing your stop loss.
To hedge against the extra loses, you would have bought put options that would give you a right to sell your stocks at $9 each regardless of how low the stock prices would fall.
Another way of benefitting from options would be to write a spread. At the moment, because the market is bearish, writing bearish call spreads would be the best way to make a lot of money. However, because these spreads are credit spreads, no broker would let you write the spread, without you having an amount of cash in your account, should your credit spread go wrong and your written options get exercised.
These strategies of write credit spreads are better left to more experienced investors. If you are fairly new at stockmarket inveting, I would suggest that you put your money in less volatile investment vehicles like fixed income stuff like savings bonds, CDs etc.
Good luck
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
if u dont have disipline dont even start u will loose all your money
many people do trade and have become very very rich so it can be done
How can I get info about major "upcoming" economic news. Like govermnet reportings, and the like (in one single place). It seems like every other day there is some news poping up. Which web site is the best, in your opinion, in reporting this kind of stuff? Thanks
and you're not hedged with options, I take it.
***
with the current capability of computers, browsers and broadband, why limit yourself to only one news site?
you can have multiple such sites open in multiple browser tabs or multiple browsers.
look for the upcoming news/events list in places such as
money.cnn.com
yahoo finance
your TDAmeriTrade brokerage site
and/or any subscription services you get such as
investors.com
wall street journal online
bloomberg news
etc.
PS. Im aware on how people think this is extreamly dangerous, but im not compleatly sure why. Please inform me. Please also note that im not planing to invest lots of money. maybe 3 or 4 thousand dollars.
Thank you!
http://finance.yahoo.com/q?s=MSFT
on Sunday 7th March 2006 shows:
Trade Time: May 5
Day's Range: 23.52 – 23.95
Which stocks were you looking at, and when?
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