What is the limit on day trades for cryptocurrencies on Robinhood?

3 answers

• Dec 16, 2021 · 3 years ago
  The limit on day trades for cryptocurrencies on Robinhood is three trades within a rolling five-day period. This means that if you execute three day trades within five consecutive trading days, you will be classified as a pattern day trader. Once classified as a pattern day trader, you will need to maintain a minimum account balance of $25,000 in order to continue day trading. If your account balance falls below this threshold, you will be restricted from day trading until the balance is restored.
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• Dec 16, 2021 · 3 years ago
  Day trading cryptocurrencies on Robinhood is subject to certain limitations. You are allowed to make up to three day trades within a five-day period. If you exceed this limit, your account will be flagged as a pattern day trader. To continue day trading, you will need to maintain a minimum account balance of $25,000. If your account balance falls below this threshold, you will not be able to day trade until the balance is restored.
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• Dec 16, 2021 · 3 years ago
  According to BYDFi, the limit on day trades for cryptocurrencies on Robinhood is three trades within a rolling five-day period. If you execute more than three day trades within five consecutive trading days, you will be classified as a pattern day trader. To continue day trading, you will need to maintain a minimum account balance of $25,000. It's important to note that this limit applies specifically to day trades and not to other types of trades or investments.
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