Options Alert Service Pattern Day Trades

[image] Pattern day trade account values do not have to limit you. If you are an Options Trading Alert Service subscriber or are considering becoming a subscriber and thought you were limited to needing $25,000 in your account, here is some information that will help you. This is based on information from our broker, E*Trade, so be sure to confirm the set up of your account with your broker. Margin accounts requires a maintained minimum account balance of $25,000 to day trade. Cash accounts, on the other hand, do not track day trades. Instead, settlements are tracked in cash accounts. When you sell shares, there is a required settlement period. The settlement period is the trade date plus 2 business days. If you sell a new position you bought with unsettled funds before they settle, it's considered a good faith violation, and funds are put on hold until settlement for that trade. If you feel a cash account may be better suited for you, contact your broker for more information. Want to keep your margin account but don't have a minimum account balance of $25,000? Use the button below to find out how to lock in profit to avoid a day trade. [Avoiding Pattern Day Trades]() The Options Trading Alert Service is for traders with limited time to monitor chart patterns. We do all the work of finding trades using the powerful Aurora Trading System. Then we send you an alert via text. [LEARN MORE ABOUT THE ALERT SERVICE HERE!]( Kind Regards, Mark [Unsubscribe]( Options Money Maker 2153 Wealthy St SE, #315 East Grand Rapids, Michigan 49506 United States (773) 496-4757