Day Trader and 25K balance requirement
TradeGrub
Last Update 2 jaar geleden
As per SEC, if you perform four or more day trades (any stock buy and sell on the same day) within 5 business days, then you will be tagged as pattern day trader by your brokerage firm. It requires you to always maintain a 25K account balance.
If you don’t maintain your account balance of 25K and perform day trading activity, then your account will get locked for 90 days.
For more information, please refer to the following link from SEC:
https://www.sec.gov/fast-answers/answerspatterndaytraderhtm.html
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