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Does selling cryptocurrencies outside of normal trading hours affect my day trading status?

avatarNurullah GUNGORNov 26, 2021 · 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?

Does selling cryptocurrencies outside of normal trading hours affect my day trading status?
Cryptocurrencies
Day Trading
Trading Hours

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Yes, 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.
  • avatarNov 26, 2021 · 3 years ago
    Absolutely! 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.
  • avatarNov 26, 2021 · 3 years ago
    According 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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