How To Remove Pattern Day Trader Status Webull. This rule means that if you do not meet the equity requirement and you place more than three day trades within five business days, you will be flagged as a pattern day trader. This rule's supposed intent was to prevent new traders from losing their money, however, it had cost thousands of traders immense amounts of money by not allowing multiple.

Go the support section in client portal followed by the message center. The patter day trader request tool will launch and the system will check to see if the account is eligible for a pdt reset. The pattern day trader rule (pdt) is an unconstitutional law which states any person with under $25,000 may not place more than 3 day trades per week when purchasing stock while using a margin account.