Questions about Daytrading Regulations

Discussion in 'Trading' started by TraderGreg, Jun 29, 2008.

  1. I know the basics, including that more than three intraday trades in one week induces the label as a pattern-day trader, and that there must be a minimum of $25,000 in the account at all times. These are the main questions I have:

    What is labeled as a single intraday trade? For example, if I enter a long position at 10:00 Eastern, sell half of it at noon, and half before close. Is that one or two intraday trades?

    Also, if I have well under the $25,000 and am not labeled as a pattern-day trader, how long does it take for my positions to process? I have heard that, once the position is closed, it takes three days for that money to show up in the account again.

    Thanks for your help!
  2. Also, I know the limit is 3 days per one week of trading (5 days). Are these five days from Monday thru Friday of a given week, or is the five day period any set of five consecutive trading days?
  3. any 5 business day period.

    so two on friday, one the following monday, and you've reached your limit until the next friday.