A Pattern Day Trader (PDT) is any customer who executes four or more “day trades” within 5 business days in a margin account. Once the PDT title is triggered, you can day trade as many times as possible as long as your total account equity is $25,000 or above.
However, if an account is a PDT and has under $25,000 account equity, it will be restricted to Liquidation Only until account equity is increased to $25,000 or above.
TradeUP clients restricted as PDT may request to have the PDT status removed as a one-time courtesy. Further instructions can be found here.
Still got questions? Contact TradeUP Customer Support by email at firstname.lastname@example.org or reach out to us on Live Chat!