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Strategies & Market Trends : Classic TA Workplace
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To: UnBelievable who wrote (22079)11/21/2001 4:05:19 PM
From: Doo  Read Replies (2) of 209892
 
I don't think the SEC's "pattern day trader" definition has anything to do with the IRS definition and application of the "wash sale" rule.

You trade the QQQ 12 consecutive months a year and you've got trouble in the "wash sale" area. Unless you declare "trader status", the wash sale rule will catch you unless you take 31 days off during the year from trading that vehicle.

Neither rule applies to the futures, however, as you say.
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