Quick 2 Questions about PDT and Margin

Discussion in 'Trading' started by mohabitar, Jan 11, 2008.

  1. mohabitar


    1) If I buy and sell numerous times in one day, say buy and sell a stock 5 different times in one day, and do it for FOUR consecutive days, will i be classified as a PDT? What i read was if u trade for 5 consecutive days not four.

    2) If in a margin account i have 3000 dollars cash and 6000 buying power, i buy 6000 total worth of stocks and sell it a few minutes later. Would all that 6000 be available right away to purchase some more stocks? Or would i have to wait for it to settle?

    Thank You