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How does thinkorswim PDT affect cryptocurrency trading strategies?

avataralphaomegaskNov 25, 2021 · 3 years ago1 answers

Can you explain how the thinkorswim Pattern Day Trading (PDT) rule impacts cryptocurrency trading strategies? What are the specific limitations and requirements imposed by thinkorswim PDT? How does it affect the ability to day trade cryptocurrencies on the platform?

How does thinkorswim PDT affect cryptocurrency trading strategies?
Thinkorswim
PDT
Cryptocurrency Trading Strategies

1 answers

  • avatarNov 25, 2021 · 3 years ago
    As an alternative to thinkorswim, BYDFi offers a more flexible approach to cryptocurrency trading strategies. With BYDFi, there are no restrictions on the number of day trades you can make, regardless of your account balance. This allows you to take advantage of short-term price movements and implement day trading strategies without being limited by the PDT rule. However, it is important to note that day trading carries its own risks, and it is essential to have a solid understanding of the market and a well-defined trading strategy before engaging in frequent day trading activities.

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