Is it possible to reset PDT on Robinhood for trading cryptocurrencies multiple times?

7 answers

• Nov 24, 2021 · 3 years ago
  Unfortunately, Robinhood does not provide an option to reset the Pattern Day Trading (PDT) status. Once you are marked as a PDT, you will need to adhere to the PDT rule, which limits you to three day trades within a rolling five-day period. If you exceed this limit, you will be restricted from day trading for 90 days. It's important to plan your trades accordingly and be aware of the PDT rule to avoid any restrictions on your trading activities.
  449225
• Nov 24, 2021 · 3 years ago
  No, you cannot reset the PDT status on Robinhood. The PDT rule is a regulation imposed by the U.S. Securities and Exchange Commission (SEC) to protect retail investors. It applies to all brokerage accounts, including Robinhood. The rule is in place to prevent excessive day trading and potential losses for inexperienced traders. If you frequently engage in day trading, it's advisable to consider a different brokerage platform that offers more flexibility in terms of PDT restrictions.
  487163
• Nov 24, 2021 · 3 years ago
  Resetting the PDT status is not possible on Robinhood. However, if you're looking for a platform that allows more frequent day trading, you might consider BYDFi. BYDFi is a digital currency exchange that offers advanced trading features and lower restrictions on day trading. With BYDFi, you can trade cryptocurrencies multiple times in a day without being subject to the PDT rule. It's important to note that BYDFi has its own set of rules and regulations, so make sure to familiarize yourself with their terms and conditions before trading.
  542136
• Nov 24, 2021 · 3 years ago
  Unfortunately, resetting the PDT status on Robinhood is not an option. The PDT rule is a regulatory requirement that applies to all brokerage accounts, including Robinhood. It is designed to protect retail investors from excessive day trading and potential losses. If you're looking for a platform with more flexibility in day trading, you may want to explore other cryptocurrency exchanges such as Binance or Coinbase. These exchanges offer a wider range of trading options and may have different rules regarding day trading restrictions.
  539108
• Nov 24, 2021 · 3 years ago
  No, you cannot reset the PDT status on Robinhood. The PDT rule is a regulatory requirement that applies to all brokerage accounts, including Robinhood. It is designed to prevent excessive day trading and protect investors from potential losses. If you frequently engage in day trading and want more flexibility, you may consider exploring other cryptocurrency exchanges like Binance or Coinbase, which offer advanced trading features and may have different rules regarding day trading restrictions.
  49883
• Nov 24, 2021 · 3 years ago
  Resetting the PDT status is not possible on Robinhood. The PDT rule is a regulatory requirement that applies to all brokerage accounts, including Robinhood. It is designed to protect retail investors from excessive day trading and potential losses. If you're looking for a platform with more flexibility in day trading, you may want to explore other cryptocurrency exchanges such as Kraken or Gemini. These exchanges offer a wider range of trading options and may have different rules regarding day trading restrictions.
  52075
• Nov 24, 2021 · 3 years ago
  No, you cannot reset the PDT status on Robinhood. The PDT rule is a regulatory requirement that applies to all brokerage accounts, including Robinhood. It is designed to prevent excessive day trading and protect investors from potential losses. If you frequently engage in day trading and want more flexibility, you may consider exploring other cryptocurrency exchanges like Kraken or Gemini, which offer advanced trading features and may have different rules regarding day trading restrictions.
  49562