Will i get penalize or band from trading by my broker? will my broker warn me? i used to have 100K in the account but took it out last year and now im just starting to learn swing or position trading and i made 3 transaction last week (bought 500 stocks of ABC then sold it the next day and made profit and bought 100 same stock the same day. will i be mark as day trader?
Most firms will freeze your account. You will receive a notice from them telling you that you are not in compliance, and if you continue they will close your account.
However you haven't actually violated the rule yet. The definition of a pattern day trader is: "The term "pattern day-trader" is defined as any customer who executes four or more day trades within five business days, provided the number of day-trades is more than 6% of the total trades in the account during that period."
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