Hi guys, I have a margin account at Scottrade and I have a question about going roundtrip without $25K.
Currently, there is a "Remaining roundtrips to PDT threshold: 3" in my account, which is the default.
I just sold short and bought to cover within a few hour's time and the threshold went down to 2.
What I'd like to ask is, is this threshold stock/ETF specific, meaning I can do 3 roundtrips for different stocks, or is it account specific, meaning I only get 3 roundtrips regardless of which stocks I go roundtrips on? So right now, if I were to go long on AAPL and sell in an hour, would that bring my threshold down to 1?