How many day trades can I make with digital currencies on Robinhood?
Chandraprakash PariharDec 16, 2021 · 3 years ago5 answers
I'm interested in day trading digital currencies on Robinhood. Can you please tell me how many day trades I can make with digital currencies on Robinhood?
5 answers
- Dec 16, 2021 · 3 years agoAs of now, Robinhood allows you to make up to 3 day trades within a rolling 5 trading day period if your account balance is below $25,000. If your account balance exceeds $25,000, you will not be subject to the pattern day trading (PDT) rule and can make unlimited day trades. It's important to note that this rule applies to all types of securities, including digital currencies.
- Dec 16, 2021 · 3 years agoHey there! If you're planning to day trade digital currencies on Robinhood, you should be aware of the pattern day trading rule. According to this rule, if your account balance is below $25,000, you can only make up to 3 day trades within a 5-day period. However, if your account balance exceeds $25,000, you can make unlimited day trades. Keep in mind that this rule applies to all types of securities, including digital currencies.
- Dec 16, 2021 · 3 years agoSure thing! When it comes to day trading digital currencies on Robinhood, you need to consider the pattern day trading rule. If your account balance is below $25,000, you can only make up to 3 day trades within a rolling 5 trading day period. However, if your account balance exceeds $25,000, you won't be limited by this rule and can make unlimited day trades. It's worth mentioning that this rule applies to all securities, including digital currencies. Happy trading!
- Dec 16, 2021 · 3 years agoWith regards to day trading digital currencies on Robinhood, the pattern day trading rule comes into play. If your account balance is below $25,000, you can only execute up to 3 day trades within a 5-day period. However, if your account balance exceeds $25,000, you won't be subject to this rule and can make unlimited day trades. It's important to note that this rule applies to all securities, including digital currencies. Good luck with your trading endeavors!
- Dec 16, 2021 · 3 years agoWhen it comes to day trading digital currencies on Robinhood, you need to be aware of the pattern day trading rule. If your account balance is below $25,000, you can only make up to 3 day trades within a rolling 5 trading day period. However, if your account balance exceeds $25,000, you won't be subject to this rule and can make unlimited day trades. Keep in mind that this rule applies to all securities, including digital currencies. Happy trading!
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