By Matthew Makowski If you’ve been a little extra active in your trading account lately, you might have gotten tagged as a day trader. And now you want to know how to remove pattern day trader status…
If you’ve got less than $25,000 in your brokerage account, frequent trading can lead to getting you locked out of your account. And that can cost you money in more ways than one. But this doesn’t come from making a bunch of trades in a short period of time. The rules are more specific.
So, let’s start with the basics. The Financial Industry Regulatory Authority (FINRA) has set …read more
