I've had margin accounts for years, and have been a swing/technical trader almost all of that time. Recently, I wound up having three day trades in a few days and received a warning from my broker about potential PDT status.
I have greater than the 25K required in the account, but I've always shied away from making that transition, mainly because I thought I'd get myself into trouble with it. As market tracking technologies improve, however, I am finding myself more attracted to short-term scalping. So I'm wondering, other than my personal hesitation, is there any other reason not to just put my account into PDT status? Thanks for reading, and for your thoughts on this.
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