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Trading
What is day trading?
What is day trading?

Day trading is defined as the purchase and sale of a security within a single trading day.


1) With a margin account, both settled and unsettled funds can be used for day trading. With the net account value no less than $25,000, you have unlimited access to day trading. For an account below $25,000, you can make 3 day trades within 5 successive business days. Your remaining day trades will be automatically counted and displayed in the Home tab.

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2) With a cash account, only settled funds can be used for day trading. For example, if you have $1,000 settled funds, you can make five day trades for $200 each, or you can use all the money for just one day trade. After settled cash has been used to trade, it will be unsettled for two business days. Unsettled cash cannot be used to day trade. If you buy stocks using unsettled funds, you must wait at least two trading days before selling the position, or you will incur a Good Faith Violation. For more examples of day trading, click here

For more examples on day trading, please visit "Glossary-Day trading" with a hyperlink.

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