it's important to assess whether you're following these key day trading rules. Rule 1: You’ll Need to Abide by the Pattern Day Trader Rule You’re considered a pattern day trader by the ...
The pattern day trading rule only applies if the number of day trades is 6% or more of your total trades during the five business days. For example, if you make four day trades but have 100 total ...
Most brokerages require a minimum of $25,000 to day trade in order to avoid the "pattern day trader" rule. Make sure to check with your broker to see what their specific requirements are for day ...
Instead, pattern day traders must maintain at least $25,000 of equity in their accounts or they will not be able to day trade, according to FINRA rules. An online broker makes it much easier to ...