Planet Wealth - Australian Stock Market Education » Opened cash account from Scottrade this monday. I unintentionally traded 10 times i only have 2000$ in my acco? http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Sat, 31 Mar 2012 00:21:23 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Opened cash account from Scottrade this monday. I unintentionally traded 10 times i only have 2000$ in my acco? http://planetwealthblog.com.au/opened-cash-account-from-scottrade-this-monday-i-unintentionally-traded-10-times-i-only-have-2000-in-my-acco/ http://planetwealthblog.com.au/opened-cash-account-from-scottrade-this-monday-i-unintentionally-traded-10-times-i-only-have-2000-in-my-acco/#comments Wed, 28 Jul 2010 00:20:12 +0000 Planet Wealth
Opened cash account from Scottrade this monday. I unintentionally traded 10 times i only have 2000$ in my acco?

so,, am i in trouble? I just found about the Pattern Day trading rules. And it seems like my account is going to be frozen?

What would be the best thing for me to do? should i just sell all stocks tonight and withdraw all the moeny before my account is frozen?

or what can i do? it was just a mistake i had no idea about this rule. obviously i’ve never traded before.

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