A day trade call occurs when you day trade in a margin account without sufficient equity.
Why day trade calls happen
If you're flagged as a Pattern Day Trader and your account falls below $25,000, you'll receive a day trade call when you continue day trading.
Resolving a day trade call
To resolve a day trade call:
- Deposit funds to bring your equity to at least $25,000
- Wait for the restricted period to end (typically 90 days if you don't deposit)
Consequences of unmet day trade calls
If you don't meet the call:
- Your account will be restricted to closing transactions only
- You won't be able to day trade for 90 days
- You may need to wait 90 days before the PDT flag is removed