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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?

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Dec 02, 2021
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Good information but!
by: Anonymous

Good information but! the question in other words,
What time does the stock market consider the next day? Midnight or the 4:00 O-clock Pre market time?

Dec 04, 2017
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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

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