logicallyillogical
logicallyillogical t1_jaddrsq wrote
Reply to comment by Joghobs in Webull policy update regarding Pattern Day Trading. by Present_School_8754
On etrade, that would have counted as 2 trades.
logicallyillogical t1_jacvjbk wrote
Reply to comment by Joghobs in Webull policy update regarding Pattern Day Trading. by Present_School_8754
No, it's actually better. If you scaled into a position, every buy and every sell is a trade. Now,
Example A:
09:30 Buy 250 ABC
09:31 Buy 250 ABC
13:00 Sell 500 ABC
The customer has executed one day trade.
This is actually much better. Still is bullshit, but this is clarifying part of the PDT rule.
logicallyillogical t1_jadfdou wrote
Reply to comment by BullyBumble in Webull policy update regarding Pattern Day Trading. by Present_School_8754
Not with Etrade, that would have been 2 trades. I got suspended for 90 days because of that bullshit.
I moved to a cash account last year anyways and it's much better for day trades.