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You're not normally a rule-breaker. But violating the pattern day trader rule is easier to do than you might suppose, especially during a time of high market volatility. Don't let this happen to you.
For a margin account with $5,000 in it, it takes only $300 (6% of $5,000) to trigger the pattern day trading rule. Those with $10,000 in their account can make up to $600 in trades without worrying ...
Getting dinged for breaking the pattern day trader rule is no fun. Of course, if you want to be a more active trader, possibly even do a little day trading on occasion, then you might go ahead and ...
But violating the pattern day trader rule is easier to do than you might suppose, especially during a time of high market volatility. Don’t let this happen to you. Here’s what you need to know.