Thinkorswim why am i getting “day trades left” marked?


I have a portfolio size thats greater than the $25k equity required.

yet when i do a day trade, TOS counts down from 3 day trades left. And i currently have 1 left.

ive normally avoided this buy mostly swing trading. but ive lately been day trading more often. so i figured its time i actually understand this.

do i need to have $25k in cash actually for me to not be a PDT or something? what am i not understanding here?


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