Will I be a pattern day trader?

Discussion in 'Trading' started by johnstac, Aug 1, 2012.

  1. johnstac


    It has been some years since I last traded with IB or anyone for that matter. I was flagged for day trading last time but this time I opened the account with only 20K so..... I would like to not have any problems until I can raise at least another 10K.

    In the past I traded both stocks and then got into the dow futures. Can you verify whether if I am buying and selling futures contracts, does the buying and selling of these contracts constitute pattern day trading? Any recommendations to stay out of trouble? Thanks.
  2. Pattern day trade rule does not apply to futures.
  3. johnstac


    Thank you for that info. Did a little investigating and also found on that options are actually counted as stocks in this case.