Overnight Positions
On the swing account a trader can hold positions overnight provided the average traded volume of the ticker for the last 14 days is at least 500,000 shares. If the stock is reporting earnings after market or pre market the following day then it will not be available for overnight holding.
On the day trader account, a trader can hold positions overnight with reduced allowed maximum exposure, provided the stock is not reporting earnings after market or pre-market on the following day. For a day trader account to hold a trade overnight the trade must be opened after the account exposure has dropped from intraday to overnight, which happens 10 minutes before the market closes.
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