Pattern day trading restriction

J

justfortrends

Hi,
I accidently made my fourth day trade today.. while trying open a position. Obviously I have less than $25,000 in my account. Is the 90 day restriction just for the particular account, or does it apply to every account I own?
 
I can see why the brokers would want to do that but wouldn't they be fined by the SEC? I was thinking of moving my money to another account to get around this.
 
No I think they are allowed to once. Etrade did it for me when I used to use them. If its going to happen again just use two brokers. Or just do your best to get 25k
 
You must log in or register to reply here.
Back
Top