For ibkr/tradestation cash account you can day trade as long as you have settled cash as many times as you want. There is no free riding problem with ibkr as you cannot trade with unsettled cash at all.

Day trading rules applies for margin accounts. If you make 4 or more day trades within 5 trading days for the first time, you can email the customer service and ask for leniency. This only applies for the first time. The limit is per brokerage.

Some people have multiple margin accounts to take advantage of day trading rules. Since tda SG is moving to zero comission based, you can have ibkr/tda sg and maybe e*trade for multiple margin accounts

Day trading is a high risk move and most people loose money over time.

This post has been edited by kaiserreich: Jul 31 2020, 09:28 AM

Pdt rule dont apply for cash account la. There is that unsettled cash problem with other brokers but IBKR just locks the cash till it is settled.

I have day traded as many times as i wanted on IBKR (from tradestation) without getting flagged/email etc.