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I know what PDT is. My question is will the buying power decrease. Example: Account is 50K, leverage is 200K, let's say I initiate & liquidate a position for 20K. So, my understanding is the buying power now is 180K and it doesn't reset until after three days. The agent is saying my buying...

I've contacted IB about this and I'm not sure the agent gave me the correct answer. Let's say I have an account with $50K, the agent said my buying power doesn't decrease after initiating a position and liquidating that position. He said I don't have to wait three days. Is this correct? If so, I...