day tradingsoftwareday traderstock day trading
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?

Day trading


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.

I'm looking for the reason or logic that is behind recent trading activity I'm witnessing. XXX, trades as a OTC penny stock. I have shares that I bought through my normal brokerage account, just as anyone can. XXX is trading at massively high trading volumes now for months, with little to no change in share price. Average daily volume 333,281,908 shares. Several days with well over a billion shares traded. XXX's web site states that there are 10 bil shares outstanding. One last fact, the stock price has plummeted over these months. At .0001 per share during the massive volume period. My question is: How, with only 10 billion shares outstanding, can XXX be so actively traded at this volume and why would XXX sit at the same price and trade billions of shares, when all press and reports about the company are positive?

My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?

Day trading


>>How, with only 10 billion shares outstanding, can XXX be so actively traded at this volume and why would XXX sit at the same price and trade billions of shares, when all press and reports about the company are positive?

The market is at a price consensus or is in a consolidation phase. The bulls and bears are in consensus; no one is more powerful than the other.

You will also find that penny stocks are usually less volatile than bigger value stocks.

>>My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?

No I doubt anyone would be doing that deliberately. There is no point to such exercise – waste of time and money.

Maybe people who bought earlier at a cheaper price are taking profits and people who are hearing the news are buying in.

Good Luck!

Presently I am getting the graphs for India stocks on Yahoo which are 20 minutes late and therefore are not of much use for day trading. NSE & BSE are too slow and are therefore worthless.
Day trading


Take a look at marketwatch.com. I was looking at one earlier today and while I was making notes, the price kept changing. It may not be "realtime" but it was surprisingly close just from that example. I don't know if they cover your exchanges, but some of your stuff is traded elsewhere too.
I just want to hear from serious investors what they think about day trading. I think that it is a bad idea? What are your thoughts? No I don't want to visit any websites to make money for all of the bots that seem to rule this section.
I do think it is a bad idea, but I was wondering what other people thought.
Day trading


It is a good way to make a small fortune — if you start with a large one.
What classes and where can be taken? If there are classes, would there be any in San Diego or Seattle?
Day trading


I'm not sure about specific courses but here are some links to websites that are known for proven stock and option trading tools. They have some courses you can sign up for.

www.investools.com

www.shadowtrader.net

www.thinkorswim.com

Hey people,

I haven't touched stocks in maybe 10 years and I want to get into day trading sometime soon. I want to start off slow and low to get the hang of things and I was wondering if anyone has recommendations or tips for how/where to start? Preferably a place with low commission of course, I remember that much at least : P

Links would help the most. All tips and advice are appreciated!

Sincerely,
Jason H.

Day trading


Some of the major trading websites offers initial 30 day or first 20 trades free….you can choose them and see how the service with them goes….I am sure you will find one of them better…good luck :)
Is there a website that I can learn from?
Day trading


The others advice is pretty good, but with the day trading, you shouldn’t day trade unless you have a few million in the market. Most of the people that day trade for a living; they are on leverage up to 1000 to one. So every dollar they “personally” have in the market, the company they work for gives them 999 dollars to trade. Then in turn take a percent of any profit, and if the person loses any of the money, they will need to pay it back. The reason you need so much money is because they “make there own market” in stock. What I mean is, they have so much money in a stock, they can change the price of it by a penny or two when they trade. A penny or two, over 1000’s of shares, many times a day….adds up very fast, and that is how they make money.
I am a finance student and have experience trading stocks and forex casually for fun, but would like to pick one to spend more time trading… Has anyone had success with either one? I know the obviouse pro's and cons of both, but I am probably overlooking some major ones… Does anyone know which one would be better for sitting in and trading a few days a week?
Day trading


Check the website below and have a look may be it will help you more in deciding.

http://money-review-site.com/investment.html

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
Day trading


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.

What are some Keys to Success in this? Can day trading be accomplished with good results given time and research before doing so?
If some make this a Career or job on the side How do they make money fast enough?
OH YEAH uh How much Cash do you need minimum to get started really?
Day trading


The key to investing as a beginner is investing in safe companies that beat earnings estimates (i.e. surprise investors with better than expected profit for each financial quarter). Also, when one starts to invest, I certainly suggest diversifying your investments.

A model portfolio of winning stocks would look like this:
1. Financial Stock: Goldman Sachs
2. Energy Stock: General Electric
3. Biomedical Stock: Teva Pharmaceutical
4. Technology Stock: Google
5. Retail/Consumer Stock: Coldwater Creek \

This is just my opinion about how to begin investing in a conservative, winning way.

Here is also the link to a great website that is very comprehensive in teaching novices how to invest:

http://investopedia.com/