You can see Day Trades Left (T, T+1, T+2, T+3, T+4) in your account page, which denotes the number of day trades available for your account in the next five business days.
If you do not want to be marked as a PDT, please pay close attention to this information.
Now your Day Trades Left displays (0, 0, 2, 2, 3), and we assume that today is Monday. The account will have 0 day trades available Monday and Tuesday, and you can't make any day trades in these two days to avoid being marked as a pattern day trader. On Wednesday and Thursday, 2 day trades will be available. If those two trades are not used, your account will have all 3 day trades available on Friday.
Now your Day Trades Left displays (1, 1, 2, 2, 3), and we assume that today is Wednesday. The account will have 1 day trades available Wednesday and Thursday. On Friday and next Monday, 2 day trades will be available. If those two trades are not used, your account will have all 3 day trades available on next Tuesday.
Assume today is Monday, and your Day Trades Left displays (3, 3, 3, 3, 3). You place an order to buy 1,000 shares of XYZ today and the trade is executed. Within the day you place another order to sell them, but the order is pending. In this case, your Day Trades Left becomes (2, 2, 2, 2, 2). However, if you cancel the unfilled sell order before the market closes today, your Day Trades Left will return to (3, 3, 3, 3, 3).
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).