To be a pattern day trader I have to have 25000 dollars in the account even if it is not used for trading? or does it have to be a 25000 dollars stocks value that I own?
Thank you
If you have less than 25k in a stock account, you can only daytrade 3 times in a 5 business day time period. that is a buy and sell in the same day. if you have over 25k in that account, you can do whatever you want. doesn't matter if it is in cash or in stock as long as the total is more than 25k.
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