Day Trading » info

How Do Partial Fills Affect Day Trading Status?

admin — Sun, 23 Aug 2009 02:45:28 +0000

In the U.S. Stock Market, how do partial fills and multiple orders count in getting flagged as a Pattern Day Trader?

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?

My experience has been that a "trade" is considered to be the order ans all of its fills. In the attached link, the SEC makes it very clear that a pattern day-trader is supposed to be a real day-trader. Counting each fill would snare too many customers in the net.

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.

Are Puts Considered Private When Protecting A Drastic Stock Price?

admin — Thu, 13 Aug 2009 18:11:30 +0000

Heard Ameritrade handled the put options, but I can't find any mention of it at their SPY financial page.

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.

Puts are exchange traded options; they are definately public as long as you are trading them. As a buyer of a put option, it gives you the right to sell your stock at a pre-determined price, called the exercise price.

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.

What Is The New York Stock Exchange’s Trading Limits?

admin — Thu, 13 Aug 2009 06:14:26 +0000

I read an article before but couldnt remember the detail. can someone explain to me what is it? I only knew that if the stocks drop so many points (like today) during certain time of the trading day, the stock markets would put into halt. something like that.

This site will have all the information you need…

What’s The Best Place Online To Do Stock Market Day Trading?

admin — Wed, 05 Aug 2009 02:30:14 +0000

I.e. lowest fees, best graphs/info, etc

I use interactivebrokers.com because they are by far the cheapest, but they are not nearly as user friendly as most. Optionsxpress has great tools, virtual trading and good learning items but your at 9.99 on both sides of the trade. Ive also heard good things about think or swim, schwab, and scottrade too. It all depends on how much hand holding you need in your trading.

Good luck

Any One Else Has Bad Experience With Atlas Trading NYC?

admin — Sun, 02 Aug 2009 05:42:10 +0000

I used to trade with Atlas trading NYC office.

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.

Woow, that is a bad business practice.

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

Do You Know Anything About Stock Market Day Trading?

admin — Wed, 29 Jul 2009 19:52:29 +0000

If you have experience or links to information on stock trading would you mind sharing your tips and beginner info and a good place to get started for the individual investor. I know it's a risky business and you need all the information possible to have some skill before beginning. Thanks for any info!

Most people loose money bacause they do not have a strategy and money management rules in place

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 To Keep Track Of Economic News/events When Trading Stocks?

admin — Wed, 29 Jul 2009 00:16:05 +0000

I am trading stocks (swing trading). I am using AmeriTrade, and I am using technical analysis to trade. When I loose money it's mostly becuase the whole market is down (caused by some bad news, etc). I realize now that I need to be watching the news more aggresively. I might decide to get out before any major news hit.
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

Stops aren't working? are they in the right places?
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.

If I Was To Day Trade Stocks, How Would Tax Charge Me???

admin — Mon, 27 Jul 2009 23:12:58 +0000

Hello, im curios to know if i was to day trade stocks and make a few dollars each day how would tax treat me at the end of the year? example…..if i was to invest $3000 in company X and make 100 dollars (after brokers, investing company fees..) and reinvest the $3000, how would tax treat me? would they make me pay tax for the whole $3100 or just the money i made? I live in IL, can you please give me an estimate on what percentage of tax i would have to pay.

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!

You get taxed only on your profits.

Why Isn’t The Yahoo Financial Data Including The Stock Price Range? Such Info Stopped A Couple Of Days Ago.

admin — Sun, 26 Jul 2009 23:00:54 +0000

The stock price range is the low-high price posted throughout the trading day. It stopped being reported by Yahoo a few days ago.

Looks ok to me. eg:

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?

Can I Buy Shares In IPO When Demat Account Is Suspended… But Trading Is Working… With ICICIDirect.com A/C?

admin — Sat, 25 Jul 2009 15:16:55 +0000

My ICICI Direct.com Demat Account is suspended as I could not submit my PAN Card… Customer care has informed that your Trading Account is activated but demat account is suspended….. for activation it will take 7 days… Now I want to apply for Reliance IPO Jan 15-18… as time is less… Is there any option for applying??? Online or Manual???

No there is no way you can apply. Unless you are able to get your demat activated. Don't worry as there are many other good IPOs coming for you enter SBI, BSNL etc… Happy Investing …