Okay so if I buy a stock and I sell it in the same day, is that the only way it would be considered a day-trade? Are options subject to this rule as well.
Also, the five day period: is that Mon-Fri, or is that five consecutive trading days?
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about day trading the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
This question was about day trading and there have been some pretty good answers that should help in your trading, and especially in relation to day trading, the answer has been posted in the categories listed below:

