Question about “pattern day trader” rule?

By DayTrader | February 2, 2009
Jimmy J asked:


Can I do this?

10/1) Buy 20 MSFT, buy 20 GOOG, Buy 20 INTC
10/2) Sell 20 MSFT, sell 20 GOOG, Sell 20 INTC
10/3) Buy 30 AAPL, Buy 30 WMT
10/4) Sell 30 AAPL, Sell 30 WMT

Am I allowed to do these trades without being marked “a pattern day trader”?

Marcella

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One Comment

  1. Seth
    Posted February 5, 2009 at 7:06 am | Permalink

    The pattern day trader regulations dont apply to any securities held overnight youre all good.