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TagsWhat are the day trade rules for Robinhood in the cryptocurrency market?
Jajlovely JajlovelyNov 24, 2021 · 3 years ago1 answersCan you explain the day trade rules for Robinhood in the cryptocurrency market? I would like to know how many day trades I can make, what happens if I exceed the limit, and if there are any specific requirements or restrictions for day trading on Robinhood in the cryptocurrency market.
1 answers
- Well, when it comes to day trade rules for Robinhood in the cryptocurrency market, you can make up to 3 day trades within a rolling 5 trading day period if you have a Robinhood Instant or Robinhood Gold account. If you exceed this limit, your account will be flagged as a pattern day trader (PDT). To continue day trading, you'll need to maintain a minimum account equity of $25,000. Falling below this threshold will restrict your ability to day trade until your account equity is restored. It's worth noting that these rules apply specifically to Robinhood and may differ on other platforms.Nov 24, 2021 · 3 years ago
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