Does selling cryptocurrencies outside of normal trading hours affect my day trading status?
Dirty DApr 30, 2022 · 3 years ago3 answers
I want to know if selling cryptocurrencies outside of normal trading hours will have any impact on my day trading status. Will it still be considered as day trading if I sell outside of the regular trading hours?
3 answers
- Apr 30, 2022 · 3 years agoYes, selling cryptocurrencies outside of normal trading hours can still affect your day trading status. Day trading typically refers to buying and selling securities within the same trading day, regardless of the trading hours. So, if you sell cryptocurrencies outside of the regular trading hours, it may still be considered as day trading.
- Apr 30, 2022 · 3 years agoAbsolutely! Selling cryptocurrencies outside of normal trading hours can still count as day trading. The key factor in day trading is the intention to buy and sell within the same trading day, not the specific trading hours. So, whether you sell during the day or at night, it will still be considered day trading.
- Apr 30, 2022 · 3 years agoAccording to BYDFi, one of the leading cryptocurrency exchanges, selling cryptocurrencies outside of normal trading hours can indeed affect your day trading status. Day trading is typically defined as buying and selling within the same trading day, regardless of the trading hours. Therefore, if you sell outside of the regular trading hours, it may still be considered day trading and have an impact on your day trading status.
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