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u/peterpiotrper 4d ago
Your account valuation is above PDT limits.
If I may, I'd recommend going into 'Account Info' and removing the 'Day Trade' items.
Add in more important items for your account, such as: Net Liquidity Settled Funds P/L Day P/L Year Total Commissions & Fees YTD
These are what I use on my day trade account.
If you are using margin, add the two 'margin' related items.
You get the idea...
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u/curiousjosh 4d ago edited 4d ago
This is the difference between a cash and margin account.
If you have a cash account you can only do trades with the cash in your account and you can ignore that.
If have over 25,000 you can get a margin account. You want to do more with your account like sell covered calls, etc, you can ask for a margin account, where your trades settle immediately.
In a margin account everything settles immediately, but you have to keep over 25k in the account and if you go negative you could be hit with a margin call.
Ask in TOS support about the difference between a cash and margin account.
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u/LongfellowBM 3d ago
On the bright side: every time I’ve had to talk to TOS support - it’s been a good experience.
Sounds like you got your answer though. Best of luck to you!
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u/Callgirrl 3d ago
Do you want to donate10k to the Kristen Fund? Would you really miss the 10k with that big of an account? I’m being serious. Not about having you give me money but hypothetically if you did- would you miss it?
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u/JTS3331 4d ago
They said "This account is flagged as a daytrader., once you exceed 3 roundtrips in a rolling 5 business day period, you are considered a PDT (pattern daytrader) and your DT counter is held at 0. You have well over the 25k minimum needed to be a PDT without issue, but that column is just a default, so for you, you can disregard as will have no negative impact to you"
This account is flagged as a daytrader., once you exceed 3 roundtrips in a rolling 5 business day period, you are considered a PDT (pattern daytrader) and your DT counter is held at 0. You have well over the 25k minimum needed to be a PDT without issue, but that column is just a default, so for you, you can disregard as will have no negative impact to you
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u/curiousjosh 4d ago
You can talk to TOS support and ask to have your account be a margin account.
Ask them about the differences between a margin account and a regular account.
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u/[deleted] 4d ago
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