Pattern Day Trading?

battery · 04-23-2009, 02:37 AM

I got a couple warnings from my stock broker about "Pattern Day Trading" on my margin account. They basically say I need $25,000 assets in my margin account if I were to buy and sell the same stocks in the same day. Does anyone know about this pecularity?
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UGGS

uBeR · 04-23-2009, 06:02 AM

It means you're a pattern day trader, according to the SEC, which means you're subject to special rules.

battery · 04-23-2009, 09:17 AM

From the perspective of a recreational trader like me, the SEC surely makes lives difficult

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VAPORTOWER

04-23-2009, 02:37 AM	#1
battery D&A Member Join Date: Dec 2007 Posts Rated Helpful 0 Times	Pattern Day Trading? I got a couple warnings from my stock broker about "Pattern Day Trading" on my margin account. They basically say I need $25,000 assets in my margin account if I were to buy and sell the same stocks in the same day. Does anyone know about this pecularity? ________ UGGS Last edited by battery; 03-31-2011 at 12:12 PM.

04-23-2009, 06:02 AM	#2
uBeR Not ****** Yet D&A Member Join Date: Mar 2007 Location: Minnesota Posts Rated Helpful 0 Times	It means you're a pattern day trader, according to the SEC, which means you're subject to special rules. __________________ OCCUPATION 101. *One would think a simple task would be, well, simple. Maybe not for simpletons.*

04-23-2009, 09:17 AM	#3
battery D&A Member Join Date: Dec 2007 Posts Rated Helpful 0 Times	From the perspective of a recreational trader like me, the SEC surely makes lives difficult ________ VAPORTOWER Last edited by battery; 03-31-2011 at 12:12 PM.

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