Will My Account Be Subject To the Pattern Day Trading Rule?

Not necessarily.  The SEC establishes pattern day trading account rules for retail accounts.  You can also trade with a proprietary brokerage firm and your account will not be subject to the pattern day trading rules, regardless of equity.

Daniel Major

B.S. Degree in Economics and Finance. Professional day trader. Live and work in Manhattan, NY, NY.

Page Updated: September 8, 2013

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