Trading 101: What is a ‘Day Trade’?
Come join me for a live session where I talk more about trading, the markets and all the money that can be made. Claim a seat here: https://claytrader.com/1-hour-trader-transformation/
How to Avoid The Pattern Day Trader Rule – https://claytrader.com/videos/trading-academy-101-avoid-pattern-day-trader-rule/
Thanks to the government regulations, in 2001 the Pattern Day Trader Rule was introduced. The rule states that if you have less than $25,000 in your account, you can only have three day trades per five “rolling day” period. This brings up the logical question that many newer traders are left wondering “what exactly is a day trade?”. I talk about exactly that in detail.