: If you execute 4 or more day trades in that period, you will be flagged as a Pattern Day Trader and must maintain a minimum account equity of $25,000 to continue day trading.
: If a flagged account falls below $25,000, it may be restricted to "closing positions only" until the balance is restored. 2. Cash Accounts & Settlement Rules
If you use a margin account, you are subject to the .
Buying and selling the same security on the same day is considered a . On E*TRADE, your ability to do this depends on whether you have a Cash or Margin account, as different rules apply to each. 1. Margin Accounts & The Pattern Day Trader (PDT) Rule