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jt55athome444344
jt55athome444344 May 02, 20 1:07 AM

@Raylbc27 thank you for that info brother.. I appreciate it. Feeling pretty beat down right now..

Raylbc27
Raylbc27 May 02, 20 1:10 AM

@jt55athome444344 Yeah it sucks! I been victim of this to years ago! Nothing you can do for 90 days unless you add the cash! The next route is to open up another broker if you want to continue trading.

jt55athome444344
jt55athome444344 May 02, 20 1:11 AM

I don’t know that I’d feel comfortable dining & ditching with an over $23k call over my head. FINRA is definitely a thing, and the thought of jumping ship kinda makes me nervous. Lol

Satxc
Satxc May 02, 20 1:59 AM

PDT is good. The freeze of Day Trading for 90 days seems very strictive. https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules. In IB they don't allow you to enter into the 4th Day trade. So you are protected from the 90 days day-trade freeze (You can trade in your account but can't buy or sell on the same day). But Etrade/Fidelity do allow you to enter/exit the 4th Day trade and will issue a Margin Call. So the Idea as mentioned by @Raylbc

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