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Day-trade accounts: no overnight holds — positions auto-liquidate near the end of the session (≈3:50 PM ET). Swing accounts: overnight, weekend and extended-hours holding allowed, but to hold overnight the stock must average ≥500,000 shares/day over the prior 14 days. You must also close before a stock splits (if announced ≥1 day prior) and before it trades ex-dividend.
The gotcha
The 500,000-shares/day liquidity gate silently blocks low-float overnight plays on swing accounts.
| dayTrade | NO_OVERNIGHT |
| swing | ALLOWED (≥500k avg shares/day) |
Source: official tos — official page . Confidence: verified.
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Start a Trade The Pool challengeInformational only — not financial advice, not affiliated with Trade The Pool. Verify against official terms before relying on this. Last reviewed Jun 5, 2026.