A Day Trade occurs when you buy and sell the same stock or ETF within the same trading day. In other words, if you buy an asset and sell it on the same trading day, this counts as one Day Trade.
This concept is important because, depending on your account type and portfolio value, certain rules and operational limitations may apply.
At Hapi, you can buy and sell the same asset within a day. If you have a cash account, the proceeds from the sale remain as “pending funds” and cannot be used for new purchases on the same day, as they require a settlement period according to FINRA.
What is the Day Trade counter in Hapi?
If you have a margin account, your app will show a section displaying how many Day Trades you have completed.
Each time you sell an asset that you purchased on the same day, you will receive a notification and see the updated count.
You can also review your daily trading history in this section.
Day Trading rules for margin accounts
Users with more than USD 25,000 in equity (excluding crypto):
No Day Trade restrictions apply. You can trade freely.
Prime users with less than USD 25,000:
Up to 3 Day Trades within a 5 business day period.
Non-Prime users with less than USD 25,000:
You can make 1 Day Trade per day, with a maximum of 3 within a 5 business day period.
What should you keep in mind?
If you reach your Day Trade limit, you can continue buying stocks, but you will not be able to sell them on the same day until the 5-day period resets.
These rules apply only to stocks and ETFs.
Cryptocurrencies are not included in Day Trading rules.
Do you have any additional questions about Day Trading? You can contact our support team here. We’re here to help!
Legal Disclaimer: This content is for informational purposes only and does not constitute investment advice or a recommendation. Day Trading rules may vary depending on applicable regulations, account type, and platform conditions. Day Trading is a high-frequency strategy that may involve risks, including significant losses over short periods of time.