Hi all, I’m new to IBKR and PDT rules. I got questions wrt PDT as a margin account user, much appreciated if sifus here can give me accurate answer..

1. When we BUY with ATTACH-ORDER (either bracket/stop loss/take profit) there will be a chance you buy and sell within few hours for a volatile stock. When this happens, do we get flagged as PDT? Assuming we do this(BUY with ATTCH ORDER) for multiple stock purchases (4 times within 5 days)

2. We are flagged as PDT if we execute 4 day trades within 5 business days. Does it mean this is refreshable? E.g.: Day trade 3 times today and wait till +5 days later to do another 3 day trades..

3. What is counted as a single day trade..Does buying 1 stock and sell within 24hours consider 2 day trades or 1 day trade?

This post has been edited by Davy123: Feb 23 2024, 11:26 AM

Okay I sort of found my answers..thanks
1. BUY with ATTACH ORDER counts as day trade if the SELL executes within the same day regardless by accident or not.
2. Yes refreshable. IBKR mobile app can check under PORTFOLIO > BALANCES > BUYING POWER -> DAY TRADES LEFT
3. A single day trade is a ‘Buy and sell’ executed in a day. Maximum day trade allowable for a margin acc with less than 25k USD is 3 times (not 4). After the 3rd transaction is made, the IBKR algorithm disables your 4th transaction for the next 5 days bcos u have been flagged as a ‘potential’ PDT. If 4th day trade is executed by us, then your acc is labelled PDT and has to go through several inconvenient steps to reset..