Day Trading Counter

Sometimes, it’s challenging to track how many day trades you have done in the last five days. At Moomoo, your day trades left in your account can be conveniently seen on the Accounts page under “Day Trading”. Your total day trades are denoted as (T, T+1, T+2, T+3, T+4), where T is the current day, and each additional number denotes the next day. For example, if today was a Monday, the day trade counter could be read like this (Monday, Tuesday, Wednesday, Thursday, Friday), where the number in each spot corresponds to the amount of day trades remaining. This is extremely important to understand if you do not want to be flagged as a pattern day trader. Here are a few examples to further illustrate the point.

Example 1

It is a Monday and your day trading counter reads (1, 1, 2, 2, 3). This means your account has 1 day trade available for Monday and Tuesday, gets another day trade added on Wednesday, and a third is replenished on Friday. This explanation assumes you place no day trades throughout the week, so let’s add another layer.

Example 2

Following the previous example, it is now Wednesday. This would mean that our day trading counter would show (2, 2, 3, 3, 3). Two days have passed, and we have had another day trade replenish. Now, you decide to place a day trade (buy and sell or sell and buy in the same security on the same day). Your counter now shows (1, 1, 2, 2, 2). 

Example 3

Consider your day trading counter reads (3, 3, 3, 3, 3). You place an order to purchase 1000 shares of ABC Company. Subsequently, you place an order on the same day to sell those 1000 shares of ABC Company, which remains pending (does not execute). Your day trade counter now reads (2, 2, 2, 2, 2). If you cancel the sell order before the market closes, your day trades will be replenished to (3, 3, 3, 3, 3). For this example, just keep in mind that open orders to sell securities that were bought on the same day will affect your day trading counter.

Note: When you place day-trading orders, some orders might not be executed in the same day or might be canceled before executed. We will reduce your "Day Trades Left" when placing orders, if the order was canceled before executed, we will replenish your "Day Trades Left".

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. 

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. 

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc.,a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC)  and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).