Stock Trading and Other Things

pattern day trading rule?

I already know the basics of pattern day trading rule.

However, if I have a cash account (not margin account) worth less than $25,000, and trade many many times a day, is my account still be frozen for the next 90 days?

Public Comments

1. Huh?

Yes, of course..... that's what the Pattern Day Trading Rule is all about.
http://www.patterndaytraderrule.com/

Even if you had a margin account (which would be better since you wouldn't have settlement issues)... if you have less than $25,000 you'd hit the rule as described by you.