How many days can a cash account trade?

Stocks, ETFs, and options now settle trade date plus one business day, or more commonly known as T+1. A cash account is not limited to a number of day trades. However, you can only day trade with settled funds. Cash accounts are not subject to pattern day trading rules but are subject to GFV's.

Can a cash account be limited to a number of day trades?

A cash account is not limited to a number of day trades. However, you can only day trade with settled funds. Cash accounts are not subject to pattern day trading rules but are subject to GFV's. Pattern day trading (PDT) rules only pertain to margin accounts.

What are the rules when trading in cash accounts?

There are rules you should be aware of when trading in cash accounts. One rule of cash accounts is when you buy securities, you must fully pay for the securities on or before the settlement date. What is a good faith violation (GFV)?