Can someone provide me with more information on trading options with a cash account? Can I really daytrade as much as I want without the potential of being flagged as a pattern daytrader? I'm trading in an account with under $25,000 and I would feel much better if there was a way where I wasn't locked into options if I use all my round-trips for a given 5 day period. I'm using TD Ameritrade if this makes any difference. I currently have a margin account but I will put in to have my account switched to cash ASAP if it means I have the peace of mind that I can daytrade with settled cash. Any information would be EXTREMELY helpful :)
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