What if I am flagged as a pattern day trader
1. If my equity value is less than $25,000
The customer will immediately be prohibited from initiating any new positions (the customer can close existing positions). The customer has the following options:
1) Deposit funds to bring the account's equity up to the SEC required a minimum of $25,000.
2) Wait the required 90-day period before any new positions can be initiated.
3) Request a PDT account reset when there is no unmet day-trading margin call (DT Call).
2. If my equity value is more than $25,000
When a customer with more than $25,000 is flagged as a PDT, the customer can day trade for unlimited times if he/she has sufficient day-trading buying power(DTBP).
Your DTBP is equal to the excess maintenance margin that is available in your account multiplied by two (or by four, brokers can adjust the leverage). If your Maximal Buying Power is less than your DTBP, when you are initiating new positions, you still need to meet the initial margin requirement.
The "PDT" customer with more than $25,000 still needs to pay close attention to his/her remaining DTBP. If the customer placed trades that exceed his/her remaining DTBP and he/she closes the positions on the same day, the customer will receive a DT Call. The customer will have five business days to deposit funds to meet this day-trading margin call, and he/she can withdraw the funds that he/she deposits after the five-day settlement period (closing positions cannot help to meet the DT call). If the customer has one DT Call past due, his/her account will be restricted to liquidation-only status for 90 days.
Note: All PDTs(pattern-day-traders) need to pay attention to his/her remaining DTBP (If the customer placed trades that exceed his/her DTBP and closed the positions on the same day, the customer will receive a DT Call). Customers not marked as a PDT will not receive any DT Calls. If a customer was erroneously flagged as a PDT, the customer can apply for removing his/her PDT flag. Please refer to：How do I request a PDT account reset
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