Noob questions about the PDT rule and cash accounts.

Sorry for the noob questions, but I'm hoping someone can clear a few things up for me.

PDT Rule Question

Let's say I buy 3,000 shares. I then sell 1,000 shares on 3 different occasions during the same day. Does that count as 1 day trade?

Cash Account Questions

Question 1:

My understanding is that if you buy and sell a stock, you have to wait 2 business days for your money to settle. Let's say I buy and sell on Monday. My money settles on Wednesday. Does this mean I can make another trade on Wednesday? Or, will I not be able to trade again until Thursday?

Question 2:

Let's say I have $10,000 in an account. I then buy and sell $3,000 worth of stock. I understand that I will not have access to that $3,000 until the money settles. But, just to confirm, I'll still have access to the remaining $7,000, correct? I'll still be able to make trades with that money?

Submitted October 01, 2017 at 04:59PM by FifthImp http://ift.tt/2xLdead