Important Stocks To Watch - Stocks At Or Near 50 MA, 200 MA, Chart Patterns

Does trying to sell stock after midnight count as a day trade?

by Mike

Hi. I wanted to get clarification on day trading that seems to be impossible to research online. I know that buying and selling a stock during the same day in open market is a day trade. My question is how it relates to after hours after midnight.

If I buy a stock on Monday at 2pm and try to sell it on Tuesday at 2am, does it count as a day trade, since I'm trying to sell it before the next official opening?

Comments for Does trying to sell stock after midnight count as a day trade?

Average Rating starstarstarstarstar

Click here to add your own comments

Dec 04, 2017
Rating
starstarstarstarstar
Broker will not let you trade after hours
by: Stephen

Hi, Mike,

There should not be a worry about this issue as your broker will not allow you to trade after hours. Even if you plan to trade after hours which is not advisable the bid ask spread will be too big to let you profit from the stock.

In a regular account, you can only trade from 9.30 am Easter Time New York to 5pm ET. If you have less than 25K USD in your account, then you will
be subjected to the pattern day trader rule.

You cannot buy and sell within 9.30 am to 5 pm. Otherwise it will be counted as a day trade. You will be given a max of 3 day trades a week before getting banned from trading that week.

The way to go around this is to use a non US broker like suretrader. Or you can use CFDs to trade the stock. This account wont have the PTD rule applied.

Or just put in more than 25 k and you will be able to buy in the morning and sell in the afternoon without flouting the PDT rule.

hope this helps,

Stephen

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Ask Me A Question Regarding Stocks.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. October 2021 Stock Market Analysis

    Oct 27, 21 09:09 AM

    Are the markets in an uptrend or downtrend? Where are the support and resistance areas? Stock market analysis for October 2021.

    Read More

  2. Technical Analysis Of Tesla Stock, TSLA

    Oct 26, 21 05:47 AM

    A look at Tesla stock chart using technical analysis. Is it in an uptrend or downtrend and where are the support and resistance?

    Read More

  3. Technical Analysis Of KLCI

    Oct 25, 21 09:20 PM

    Technical analysis of KLCI, learn the trend of the index and support and resistance areas.

    Read More

  4. Technical Analysis Of Oil Prices : Where Will Oil Go?

    Oct 24, 21 07:32 PM

    Analysis of oil prices. Is it in an uptrend or downtrend and where are the support and resistance.

    Read More

  5. CTXR, $2.30 To $4.50 In 12 Trading Days

    Oct 24, 21 07:03 PM

    Learn how the cup with handle pattern hinted of a big run in CTXR.

    Read More