HI I recently received a day trading margin call of $14,852.63 requirement. I do not have that much money. What should I do? Should I close my trades and take all cash out? The system labeled me as day trader. I have only $6900 in my money. They said I can borrow up to 100% of my equity. That is why I borrowed. Is there anything I should do? Will they take my $6900 as well?
UPDATE: I obtained the cash they needed for margin call. I want to sell a stock which I bought on margin as it has reached 80% of my target. The brokerage said my account will take a while (1 week) to be okay. I want to get out of this position. Is it okay to sell the stock in the time period of the next 7 days when my account is getting back to normal status?