I was speaking to a rep at my broker about a few things and asked for some clarification about the Pattern Day Trader rule since recently, I had traded equities heavily and was bumping up toward what I thought was my 4 times limit. She stated that if one had the $25,000 minimum in the account, there was no intraday limit on the amount of trades done during the day (a trade being an opening and closing position). This contradicts my understanding of the PDT rule. It's my take that if I have 25-G, I can do a total of 100-G in a day. Am I missing something or was the rep misinformed? Here's the appropriate info from the NASD 2520 Rule: (iii) The term âday trading buying powerâ means the equity in a customerâs account at the close of business of the previous day, less any maintenance margin requirement as prescribed in paragraph (c) of this Rule, multiplied by four for equity securities. Whenever day trading occurs in a customer's margin account the special maintenance margin required for the day trades in equity securities shall be 25% of the cost of all the day trades made during the day. For non-equity securities, the special maintenance margin shall be as required pursuant to the other provisions of this Rule. Alternatively, when two or more day trades occur on the same day in the same customerâs account, the margin required may be computed utilizing the highest (dollar amount) open position during that day. To utilize the highest open position computation method, a record showing the âtime and tickâ of each trade must be maintained to document the sequence in which each day trade was completed.