"Pattern day trading" is when you buy stock shares of a company but sell them the same day. Everytime you do this its considered a day trade, you are allowed up to 3 (round trip) day trades within 5 business days UNLESS you have $25,000 or more in your account. If you do trade more then 3 times in a 5 business day period then you are now suspended from day trade the next 90 days. Why this rule hurts more then helps...Once you are suspended for 90 days you can not buy shares today unless you dont plan on selling until the following day, which means your potentially exposed to financial loses. These mistakes can happen and im sure have happened. This makes no sense with today's technology. Exchange websites and apps today don't allow you to buy or sell, trade options unless the required amounts are usable in your account. This rule was created by the FINRA and signed off by the SEC on February 27th of 2001. Its an old and outdated rule that should be abolished or, at the very least, updated. This rule was designed to protect exchanges, sellers and the market from you (as i like to summarize it) "bouncing checks"...The digital age we live in, and the algorithms the exchanges use prevent anyone from spending more then what your account has in it.

Example: Your debit card has $1.00 balance, you try to purchase a coffee for $2.50, your transaction declines...unless you have overdraft protection of coarse.

We still play by the rule as if its to protect you but you can easily lose and go bust without a margin account too, because it has nothing to do with you losing your money that why. It is a stock market after all, and just like a casino you will lose some. There is no laws on how many times you can pull that slot machine level right?

We have to acknowledge and agree to the terms before using any exchanges that state the fact you can lose money. Let us do what we wish with our money and abolish this stupid rule that helps create loses rather then avoid loses.