Is Overnight Trading A New Way To Daytrade? by Thomas K. Carr, Ph.D.
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:7 (22-30): Is Overnight Trading A New Way To Daytrade? by Thomas K. Carr, Ph.D.
Is the pattern daytrading regulation an obstacle to your daytrading? There may be a way around it.
On September 28, 2001, the Securities and Exchange Commission (SEC) imposed pattern daytrading regulations on all trading accounts less than $25,000. These new rules prohibited undercapitalized traders from daytrading more than twice in any given five-day period. But "necessity is the mother of invention," so I set to work on finding a way to skirt the SEC rules. It was then I came up with...