If I sell a stock, and then short it the same day, is it still a day trade?

April 24, 2010 in day trade Tags: same, sell, Short, still, Stock, trade

Say I sell a stock I’ve been holding for 2 weeks, and later in the same day I decide to just short sell it (will cover on a later date). Is this considered a day trade?

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3 Responses to “If I sell a stock, and then short it the same day, is it still a day trade?”

dk Says:
April 24th, 2010 at 11:09 pm
yes
walt17jr Says:
April 24th, 2010 at 11:13 pm
No. A day trade is when you open and close a position on the same day. In your example:

You opened a position (buy) and closed it (sold) two weeks later. Not a day trade.

You opened a second position (sell short) and close it (buy to cover) at a future date. Not a day trade.

The fact that you opened the second position the same day you closed the first position does not matter. Each position is considered on it’s own.
real estate Says:
April 24th, 2010 at 11:43 pm
no, day trade means you open and close your position in the same day.

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If I sell a stock, and then short it the same day, is it still a day trade?

3 Responses to “If I sell a stock, and then short it the same day, is it still a day trade?”

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