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Almost always. IIRC there are some trivially small exceptions – you can make I believe 3 trades a day before being classified as PDT – and I believe entry and e
by RickS 8y ago
Almost always. IIRC there are some trivially small exceptions – you can make I believe 3 trades a day before being classified as PDT – and I believe entry and exit of a single position count as two separate trades.
But there are a lot of everyday people rigorously swing trading with smallish accounts. I've had some really interesting chats with uber drivers who do this, since they're sitting around in front of a phone all day anyway.
- rootusrootus 8y agoActually, it's three trades in a 5 day period AFAIK. Less than one a day or you will be marked as PDT. Also worth knowing is if you are selling multiple shares or contracts then it might get filled in separate orders, which will count as separate trades. People get burned all the time thinking they're safe from PDT.