I have $23K cash in my account with $46K buying power (margin). Am I good to go for day trading? Or do I need to deposit another $2K? Please advise. Thank You.
No, that’s not enough. Cash for PDT and buying power are two different things. I am not an Alpaca rep or financial advisor or anything but you probably want to throw in an additional $3-4k to avoid getting blocked entry/exits from the PDT rule. If you let it rip with $23k you may find yourself blocked into a trade you can’t exit that you want to get out of.