So, 3 trades or less every 5 business days is acceptable. Is thus correct?
3/31/2024 07:27am
Yes, that is correct. The rule is called the Pattern Day Trader Rule (PDT rule), and it states that any person who engages in day trading cannot place more than 3-day trades within a 5-business-day period. So, if you make 3 trades or less within 5 business days, you are within the limits of the PDT rule.