What changed to my Gotrade account?
Starting now, Pattern Day Trading (PDT) limits no longer apply to your Gotrade account.
What does this mean?
Nowadays, you can trade as often as you want without any limit on the number of trades or minimum account balance requirement.
Does this apply to both stocks and options?
Yes. The update applies to both stock trading and options trading.
Is there still a minimum balance requirement for day trading?
No. There is no longer a minimum requirement to perform day trades on your account.
Are there limits on how many day trades I can make?
No. You can make unlimited day trades.
Do I need to take any action?
No action is required. Your account is already updated and ready to use.
Has anything else changed in my account?
No. Everything else in your account remains the same.
You can learn more about PDT here: FINRA - Pattern Day Trader Rules