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What is a "Day Trade"?

Last Updated: Jul 07, 2016 05:30PM EDT
A day trade is to buy and sell the same security during the same day in a margin account.

This definition covers any security.

In order to be a Pattern Day Trader with DriveWealth, the account must have at least $25,000 USD in equity. (Account equity is the amount of cash that would exist if every position in the account were closed. This is also known as the liquidation value.)

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    Please send all Trading Inquiries to support@drivewealth.com

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support@drivewealth.com
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