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How do I reset pattern day trading (PDT)?

According to the governing bodies, you are now disallowed to initiate any new positions (though you can always close out preexisting positions) for a period of 90 days.  You do have options which are:

  1. Deposit funds into the account which bring the account value greater than USD 25,000.  Accounts valued greater than USD 25,000 are allowed unlimited day trades.
  2. Request a PDT Reset through Account Management.
    1. Go the Support Section in Account Management followed by the Message Center.
    2. Select Pattern Day Trader Request from the Compose drop down menu.
    3. The Patter Day Trader request tool will launch and the system will check to see if the account is eligible for a PDT reset.
    4. Check the box that says “I have read and consent to the acknowledgment and click the Send Reset Request button. A confirmation will will popuylate and you will want to select Yes to submit your PDT reset request.
PDT reset requests may be subject to review and may take 1-2 business days to process your request.

Jason Toledo

Jason brings more than 15 years of experience in online trading. Prior to starting ToledoTrade in 2019, Jason held senior and executive level positions at Scottrade, OptionsHouse and Zacks Trade. Jason is passionate about educating self-directed traders and is a leader and expert in the online trading industry.

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