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I have a margin account exceeding the required 25,000.

I exceeded my daily buying power to buy a stock. I got a message saying that if the positions are not held overnight, there would be restrictions placed on my account.

Does this mean:

  1. It should only be sold after the market reopens tomorrow
  2. It can be sold tomorrow before the market opens
  3. It can be sold today after the market closes
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  • What application or brokerage do you use? Is the message specific to that brokerage or generic to the exchange/country you're trading in?
    – Freiheit
    Commented Aug 12, 2021 at 19:41
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    I use TradeStation. I assumed it had to do with pattern day trader rules.
    – Zesty
    Commented Aug 13, 2021 at 3:58
  • This is a good question. I suspect the answer is probably here in the faq, or you can chat with the bot, or you could call them. (Which you may have to do anyway to lift the restriction if it happens.) And, you may be the best person to answer your own question if no one else does first.
    – TTT
    Commented Aug 13, 2021 at 4:34
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    I don't know if it helps but here are some examples of Trade Station margin positions
    – Bob Baerker
    Commented Aug 13, 2021 at 13:43

1 Answer 1

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Different brokerage (eTrade), but I got restricted after selling in the evening (in your situation).

What counts is not ‘market close’ (which is really only one major market, not all of them), but trading day.

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    What defines a trading day?
    – RonJohn
    Commented Aug 13, 2021 at 6:18

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