@trevdawg122 Correct on both. 1) Alpaca doesn’t currently offer cash accounts and 2) day trading is not restricted in cash accounts.
Note that day trading in cash accounts, while not restricted by day trading rules, is effectively restricted by the fact one can only trade ‘settled cash’. Proceeds from sales take T+2 days to settle. Here is a scenario.
account_equity = $4000
settled_funds = $4000buy then sell $2000 of AAPL (ie a day trade)
settled_funds = $2000
buy then sell $2000 of AAPL (ie a day trade)
settled_funds = $0
In the above example one could only make 2 day trades and would then need to wait 2 days for the funds to settle (no trading the following day). In this example one can only make 2 day trades every 2 days in a cash account.