Thread: Will i be considered a Day trader if i Buy Thursday evening And sale Friday

afternoon? I'm going to open a Scottrade account with the minimum 0 and was just wondering. Thanks. How long do i have to wait to buy and then sell to NOT be considered a day trader?

You will not be a day trader, you will be someone who traded in a day. A day trader is someone who makes money doing this for a living. They are people who buy stocks one minute and when they go up just a bit, sell for a profit.

nah boss

yes.

when you buy, the paperwork takes 3 days. so you have to buy on monday, hold until thursday to sell. you can still buy something else on thursday with the money, but then you have to wait till wednesday to sell it.

it's called the "free ride" restriction. you can't trade with unsettled funds. if you

A "day trader" is a pretty general term... it's not like there's a set time limit you need to hold onto stock so that you can avoid the designation.