Please Help!

Discussion in 'Trading' started by toxicity, Feb 27, 2009.

  1. toxicity


    Just today on my Margin account through scottrade I made too many day trades therefore freezing my account for 90 days or until the minimum $25,000 equity mark is reached. I sold my short positions but am still levered about 2:1, my question is will I be required to sell any of my long positions with the borrowed money just because my account is frozen and i went PDT? Would I be able to keep my borrowed money positions?

    Any help would be greatly appreciated, thanks.