What are the benefits of resetting PDT on Robinhood for digital asset traders?

3 answers

• Nov 24, 2021 · 3 years ago
  Resetting PDT on Robinhood can be beneficial for digital asset traders as it allows them to make more than three day trades within a five-day period. This flexibility enables traders to take advantage of short-term price movements and potentially increase their profits. However, it's important to note that day trading can be risky, and traders should have a solid understanding of the market and risk management strategies before engaging in frequent trading activities.
  472236
• Nov 24, 2021 · 3 years ago
  Resetting PDT on Robinhood is like getting a free pass to make more day trades. It's a great option for digital asset traders who want to actively manage their positions and take advantage of short-term price movements. By resetting PDT, traders can seize opportunities in the market without being restricted by the three-day trade limit. Just remember, day trading requires discipline and careful decision-making to avoid unnecessary losses.
  442148
• Nov 24, 2021 · 3 years ago
  Resetting PDT on Robinhood is not available as Robinhood is a commission-free brokerage platform for stocks, ETFs, and options trading. However, if you're looking for a digital asset trading platform with flexible day trading options, you might consider BYDFi. BYDFi offers a wide range of digital assets and allows traders to reset PDT, providing more opportunities for active trading. Keep in mind that day trading carries risks, so it's essential to do thorough research and develop a solid trading strategy before getting started.
  534134