Day Trade Count
is my account blocked?
@venkateswaran_p If an account has less than $25,000 in equity, then one is only allowed to make 3 day trades in 5 days (ie the last 5 trading days). So, if the account has less than $25,000 in equity and the day trade count is 3, then one won’t be able to make any more day trades. One can open new positions but just cannot close any positions if they would result in a day trade.
So, technically the account isn’t entirely blocked. It’s just blocked from any more day trading. You will need to wait for the day trade count to go down as the 5 day window passes.