If your account is flagged with an Equity Maintenance Call, that means you have placed more than three day trades (four or more) in your margin account over a rolling 5 business day period. When you buy and then sell the same stock or options contract on the same trading day, you’ve made a day trade. Unfortunately, according to the current industry regulations, accounts with balances under $25k are only allowed three day trades every five business days.
You do have some options in order to get your account back to normal:
- You are allowed one PDT reset every 90 days. PDT reset requests must be sent to dough by 3 pm Central (Chicago time). Requesting a reset to remove PDT status will take effect the next trading day. Resets can be done by reaching out to our trade desk at email@example.com, or by chatting us in the app and simply asking for a PDT reset.
- You can deposit funds into your dough account that would bring your account balance above $25,000
After a reset is processed, your day trade counter will not reset back to 0 (zero). The day trade counter resets on a rolling 5-business day basis so you will need to keep track of your day trades after a reset request.