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Day TradeFINRA rules define a “day trade” as the purchasing and selling or the selling and purchasing of the same security on the same day in a margin account. This definition encompasses any security, including options. Selling short and purchasing to cover a position in the same security on the same day is also considered a day trade. Exceptions to this definition include:
For more information on day trading and the related FINRA margin rules, please read the SEC staff’s investor bulletin “Margin Rules for Day Trading.” http://www.sec.gov/answers/daytrade.htm
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