I went from $800–>$100,000 in 3 months. Starting over again with $500. First profit locked today.

[u/brokenb3ar]

If you look at my past posts I’ve been getting consistent gains and made over $100,000 with an $800 account. Link to my old post: https://www.reddit.com/r/wallstreetbets/s/7MXza5HZ2x

I have took out all my profits and trading again with $500. Today I shorted the Qs and profited 400%. I will continue to post my positions and work myself way up in the next three months. Thank you for all the positive comments and also thank you for the negative comments that motivate me. See you next week you regards.

[u/encognido]

If you switch to a cash account you won't be flagged, but will have to wait 24 hrs for your cash to settle after each trade.

Sucks both ways, but I've found trading in a cash account to be a lot better for the time being, since it's forcing me to make smart trades.

[u/Lumpy-Anxiety-8386 → u/encognido]

What happens if you go over the alloted day trade strikes? They revoke margins?

[u/encognido → u/Lumpy-Anxiety-8386]

The first time you do it, you're barred from selling stocks purchased the same day ("placing day trades"), which depending on your strategy can be really problematic. However, the first time it happens they give you one free "apology", but the 2nd time it happens you're limited to only selling shares, or switching to a cash account; if I remember correctly.

But basically, it happened to me. Twice. And I ended up having to switch over to a (non-margin) cash account.

Here's a copy and paste directly from Robinhood:
https://robinhood.com/us/en/support/articles/pattern-day-trading/
"If you place your 4th day trade in the 5 trading day window, your investing account will be flagged for pattern day trading. This means you can’t place any day trades until you bring your portfolio value above $25,000 or switch to a cash account.

To continue day trading in a margin-enabled account while flagged for PDT, you’ll need to end the trading day with a portfolio value above $25,000, otherwise continuing to day trade may lead to a position closing only restriction. This means you can close positions you already own, but can't open any positions.

If you’re unable to maintain a portfolio value above $25,000, you can:

• Use your one-time courtesy PDT flag removal, if it’s available.
• Switch to a cash account, since cash accounts aren’t subject to PDT regulation. Check out the investing accounts article to understand the differences between cash accounts and margin accounts.

In addition to allowing day trading, these options will also allow you to resume participation in the Sweep and Stock Lending programs, which are paused when flagged for PDT in a margin account."

[u/Lumpy-Anxiety-8386 → u/encognido]

Thanks for the explanation. Much appreciated.

[u/GuidanceHaunting1924 → u/encognido]

Thank you so much. Have you ever thought of giving us folks a heads up if we cut you in on the profits