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.
I do think it is a bad idea, but I was wondering what other people thought.
www.investools.com
www.shadowtrader.net
www.thinkorswim.com
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.
http://money-review-site.com/investment.html
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?
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/
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.
finance.yahoo.com is the website that i use the most during the day, i am a daytrader also.
If you need more advice just feel free to contact me.
I hope that you will chose my answer as the best one.
Thanks
