Frozen account:
This is something else I found, lost link though, sorry. I did notice reference to "round trips", which talks about multiple buys / sells in one day. But please do your own DD and research, protect yourself, the info I posted is from my searching, and just because it is on a website does not mean it is accurate. Check the SEC website.
Now back to work for me, my break is over!!
If a trader is classified as a pattern day trader according to the SEC definition, and the trader does not have the required $25,000 deposit, their trading account will be frozen for 90 days. Once this happens, the trader will either have to deposit enough equity to bring their trading account up to the $25,000 limit, or wait until the 90 day hold has expired.
