Are there any tips or tricks for removing the PDT flag on Robinhood for one-time transactions?

3 answers

• Nov 25, 2021 · 3 years ago
  Sure, removing the PDT flag on Robinhood for one-time transactions can be a bit tricky, but there are a few things you can try. First, make sure you have a cash account instead of a margin account. PDT rules only apply to margin accounts. If you already have a margin account, you can switch to a cash account by contacting Robinhood support. Another option is to wait until the next trading day to make your transaction. The PDT flag is usually lifted after the next trading day. Lastly, you can also consider using a different brokerage platform that doesn't have PDT restrictions.
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• Nov 25, 2021 · 3 years ago
  Removing the PDT flag on Robinhood for one-time transactions can be frustrating, but there are some tips you can follow. One option is to make sure you have at least $25,000 in your account. This is the minimum requirement to be considered a pattern day trader and will exempt you from the PDT rule. Another tip is to spread out your trades over multiple days. By making fewer than 4 day trades within a 5-day period, you can avoid triggering the PDT flag. Additionally, you can explore other brokerage platforms that offer more flexibility with day trading.
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• Nov 25, 2021 · 3 years ago
  Removing the PDT flag on Robinhood for one-time transactions can be challenging, but there are ways to work around it. One option is to consider using BYDFi, a digital currency exchange that doesn't have PDT restrictions. With BYDFi, you can freely make one-time transactions without worrying about the PDT flag. It offers a user-friendly interface and a wide range of digital currencies to choose from. Simply sign up for an account, deposit your funds, and start trading without any limitations. Give BYDFi a try and enjoy hassle-free trading!
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