Rank, a couple of comments about TS, the mechanical systems, etc. 

Yes I agree guys, TS has some issues as a broker, in fact I don't stocks at all through TS anymore, I only trade futures through TS. All my stock trades go through Interactive Brokers.

Next, you mention that you put your whole TS account into the SRS mech system?  Again this is a personal decision, but please use proper money management when trading these systems, don't put your whole trading account into one system.  Yes theoretically the gains will be much faster, but it can lead to obvious problems. 

If I had a 30K account for example, I might only do 10K into one system at any one time and that's still pushing it!

One thing about the systems that I had problems with early on is psychology.  I was placing too much of my portfolio (percentage wise) into the systems and as a result, it was messing up my psychology.  For example, I found myself second guessing the systems, not taking trades, and exiting positions early (many times to my detriment) - why, because when the systems would whipsaw, I couldn't take the huge amount psychologically. 

So that's something to consider, don't throw your whole account into these systems and don't margin out.  The gains will add up quickly enough without doing that.

It's not a TS rule, it's an exchange rule that every broker dealer has to abide by. BY having day trading priviledges you get certain goodies like say 4-1 leverage intraday. However you are considered a pattern day trader which puts certain restrictions on you.

You have regular magin buying power and you have day trading buying power. If you're using your DT limits and decide to hold overnight, then in essence you're in violation of exchange rules and when your DT buying power is calculated say every night by most brokers, then you're not going to be showing any BP. So when you sell the next day the money is not immediately available to you until recalculated that night. When you do transactions within same day, then they're in essence using prior nites calculations plus ar minus adjustments for current days trades.

Can go Google 'pattern day trading rules' and get better explanation. But every broker -dealer in the country has same rules.

sucks for buying power..Fidelity is 4 to 1 sometimes more

so i called them one more time and they explained to me that it was anything that you carried overnight.  It has nothing to do with intraday day trades.  The buying power wont be returned to your account until the next day.  I have spoken with 2 people now at the trade desk and they said the same exact thing.

Does anyone else have this issue?  I just want to make sure Im not the only one

thanks

TS is funny with their accounts.  Even though you put more than 25,000 in to the account, you have to make sure that they have qualified it as a day-trading account.  Call your rep and tell him what happened and that you need it done ASAP.    I opened a second account, and it took me a bunch of calls and emails before they woudl agree to qualify it as a day-trade account because their policy is one per customer!  I told them that's riciculous, I can't be the pnly person wanting more than one account to day-trade strategies...................anyway -- call your rep.

Only thing i can think of is that you might only be settup with a cash account. Do you have a margin account? Otherwise you are subject to the cash settlement dates before the capital frees up.