I accidentally exceeded my DT power today and I still don’t understand why my DTPB is -29k. I’ve made about 5 day trades this week. On my last trade, my account fell below 25k to 24k. I closed one trade today in the green before unknowingly opening up a new one with the unsettled funds that set me back about 1k. Customer service is not very good with my brokerage and I can’t get a real answer from them. Can anyone explain to me this:
WTF did I get my self into and will I be margin called?
If so how much will I owe?
If I close my new position will this help?
I am obviously new to day trading so please be nice
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