You will receive a day trade call if you exceed your Day Trade Buying Power (DTBP).
DTBP is calculated based on your maintenance margin excess as of the previous business day. Please note that DTBP will not be increased by closing positions that were opened on previous trading days.
You may receive a day trade call even if you do not exceed 3 day trades within 5 consecutive business days. Once you trigger a day trade call, you will have up to 5 business days to deposit funds to meet the call. If the day trade call is not met by the 5th business day, your account will be restricted to Liquidation Only for 90 days (account equity >$25,000) or until the call is met (account equity <$25,000).
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!