- Getting Started
- Update my information
- Account and Trading Security
- Security of my funds
- Change my password
- What are inactivity fees?
- What is buying power?
- How to close my Hapi account?
- How to transfer stocks from another broker to Hapi?
- What happens to my assets in case I die?
- How does Hapi Fully Paid Securities Lending Program work?
- Documents and Taxes
Investing in Hapi
- Do I own my shares?
- How to buy a stock?
- How to sell a stock?
- What are Exchange Traded Funds (ETFs)?
- What are Fractional Shares?
- What types of orders can I find in Hapi?
- How do I Cancel a pending Order?
- ¿Qué es un Clearing House Fee?
- What is trade settlement?
- Where can I find my dividends?
- What's an IPO?
- What happens to my stocks if they get delisted from the stock market?
- Holidays in the Stock Market 2023
- Day trading
- Cash Account Violations
- Referral program
- Hapi Learning
What is Day Trading?
Day trading refers to the action of buying and selling a lot of securities in the same day, or even in seconds. Day traders seek to take advantage of the price fluctuations that occur during a trading session.
Pattern Day Trading
Pattern day trading is a rule set by one of our regulators called FINRA.
This rule states that users are limited to no more than three trades per day in a five business day period unless you have $25,000 in your account.
However, this rule does not apply to "cash accounts", which are the type of account you have when you create your Hapi account. This rule only applies to other types of accounts called “margin accounts”. This means that you can trade stocks and ETFs without worrying about the number of daily transactions.
Do you have any additional questions regarding Day Trading? Write to firstname.lastname@example.org, we are here to assist you!