Help! ... am not sure what the consequences of this are. But I am currently trading just below the 25K balance daytrading limit, and have so far been adhering to the below 25K rules like a good boy and ensuring that my total trading value per day does not exceed my overnight buying power.
However ..I have just accidently traded beyond that limit ... purely by accident hit the buy button twice .. was a mllisecond accidental double finger push on the mouse button .... and 'bam!' instead of buying 1000 of the stock I ended up going long 2000. Not a total disaster as instead of scalping a $100 profit I ended up picking up a $200 profit.
Problem is it that because I had already traded a stock earlier, it meant I went over my trading limit by about $15,000. Thus breaking the rules about trading with account balances below $25,000.
Can anyone please tell me what the consequences of this breach are likely to be ??
Thanks.
Sktrad.
However ..I have just accidently traded beyond that limit ... purely by accident hit the buy button twice .. was a mllisecond accidental double finger push on the mouse button .... and 'bam!' instead of buying 1000 of the stock I ended up going long 2000. Not a total disaster as instead of scalping a $100 profit I ended up picking up a $200 profit.
Problem is it that because I had already traded a stock earlier, it meant I went over my trading limit by about $15,000. Thus breaking the rules about trading with account balances below $25,000.
Can anyone please tell me what the consequences of this breach are likely to be ??
Thanks.
Sktrad.
