Hi, I´m new to IB and have the following questions. I have made two daytrades (account under $25´) yesterday and opened another position today. So, what if I´m opening another position today and both stocks fall under my stops. Will only one order be filled or both (that would be 4 daytrades in two days) ? Is it also "counted" as a daytrade when I´m closing a position and reenter on that day ? Are two partial sells also counted as two daytrades ? Thanks in advance, Manfred
From IB website: Consistent with the new margin rules, if an IB customer's margin account falls under $25,000 and the customer has day-traded three times within five days, the customer will not be allowed to open new positions until the $25,000 requirement is restored, or the five days have elapsed. A day-trade is defined as the purchasing and selling of the same security on the same day. If you have less than $25,000 equity in your account, you will receive a message that you may not affect another trade until (i) your account contains at least $25,000 in equity or (ii) the five day period has elapsed, and your order will be rejected. If I buy 200 shares of a stock and then sell 100 shares of that same stock on the same day, even though I have not closed the position, is that a day trade? Yes, it is a day trade to the extent of 100 shares. If I buy 200 shares of a stock and then sell 100 shares of it on the same day, then an hour later I sell the remaining 100 shares, is that counted as one day trade or two day trades? That is counted as ONE day-trade.