A Pattern Day Trader (PDT) is any customer who executes four or more “day trades” within 5 business days in a margin account.
Once the PDT title is triggered, you can day trade as many times as possible as long as your total account equity is $25,000 or above. This applies to the margin account type only.
If an account is a PDT and has under $25,000 account equity, it will be restricted to Liquidation Only until account equity is increased to $25,000 or above.
TradeUP clients restricted as PDT may request to have the PDT status removed as a one-time courtesy. Further instructions can be found here.
Total account equity includes all your securities and cash balances, minus any outstanding margin loans.
Day Trading involves significant risk and is not suitable for everyone. Before engaging in day trading, carefully consider your investment objectives, experience level, and risk tolerance.
Still got questions? Contact TradeUP Customer Support by email at support@tradeup.com or reach out to us on Live Chat!