How do you change your account balance in paper trading account? I want to start each day with $100,000 for testing.
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@John_DiJulia The paper account equity cannot be changed. You will need to create a new paper account each day with a starting equity of $100k. Since various checks look at end of day equity (eg the pattern day trade check) you may want to create a new account (with a starting equity of $100k) before markets close to then be ready the next trading day with $100,000 equity.
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Thank you.
One more question. I will be depositing $100,000 to day trade with once I get through testing the software I built.
If I used all the buying power, how would I maintain $25K in the account at all times to satisfy FINRA’s Pattern Day Trader rule?
Thanks
JP
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