P payup Mar 19, 2009 #1 Lets say i have under 25k in my account, i buy a stock then 5 minutes later i sell it, then buy another stock and sell it a few minutes later. what happens here?
Lets say i have under 25k in my account, i buy a stock then 5 minutes later i sell it, then buy another stock and sell it a few minutes later. what happens here?
S Surdo Mar 19, 2009 #2 After the third round your account gets frozen to closing transactions only, please GOOGLE pattern day trading Rule!
After the third round your account gets frozen to closing transactions only, please GOOGLE pattern day trading Rule!
P payup Mar 19, 2009 #3 Quote from Surdo: After the third round your account gets frozen to closing transactions only, please GOOGLE pattern day trading Rule! More... to avoid this you have to 25k+ and have a margin account correct?
Quote from Surdo: After the third round your account gets frozen to closing transactions only, please GOOGLE pattern day trading Rule! More... to avoid this you have to 25k+ and have a margin account correct?
