How screwed am I?

I got into trading not too long ago and haven’t really done too much but recently I started day trading a lot. I realized today after a couple days of trading that I may be doing something wrong. I realized I was using unsettled funds to make trades that I would sell the same day. I learned today that this is a good faith violation. I did not know that this was bad. I have been doing this for a few days now and Schwab hasn’t given me message (I use electronic messages) or restricted my trading. When I looked more into it everything says they would restrict my trading. I am a little concerned now because I may or may not have traded with unsettled funds multiple times larger than my account value. Does anyone know why Schwab hasn’t restricted me and if there are any larger consequences for doing this? I am not particularly intelligent when it comes to stocks so I do not know if this is more serious. Please let me know if they will shut down my account and not allow me to access any money I made or come after me.

Posted Feb 11, 2026, 10:14 PM UTC

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