Trading 101: What is a 'Day Profession'?
Come join me for a live session where I chat much more about trading, the markets as well as all the money that can be made. Assert a seat right here:
How to Stay Clear Of The Pattern Day Trader Regulation –
Thanks to the federal government laws, in 2001 the Pattern Day Investor Guideline was introduced. The policy mentions that if you have less than $25,000 in your account, you can just have 3 day professions per five "moving day" duration. This brings up the logical concern that several more recent investors are left wondering "what exactly is a day trade?". I discuss precisely that in detail.