Replies to post #442172 on BB's Stock Haven

[Thrasher857]

yeah, it sucks, its an SEC regulation i believe, But ameritrade is one of the rare companies that actually enforces it

[was hotlinktuna]

Sorry IM, I'm not familiar with that at all...but my only accounts are IRA's with over 25k so haven't been in that situation...but I agree with you that it sucks!!! tuna

[Penny_King]

Those are the SEC rules.... 25k is the cut off fro day trading....

[Shepo69]

Ameritrade: You have to call them, and promis you wont break the day trading rules again, or deposite 25K.
They will reset your account one time, but after that, if you break the pattern day trader rules, you have to have 25K in your account.
The day trader rules states you are considered a pattern day trader if you make 3 or more round trips within 5 trading days I think. A round trip is a buy and sell of a stock in the same day.
If you buy one day and sell the next, that is not a day trade.

[downtherathole]

sell something that you don't care about and take the funds to a new home. ask bill about his broker---it's from stock analizers site. you are screwed with ameritrade.