What are the PDT restrictions for options trading in the digital currency space?

1 answers

• Jan 20, 2022 · 3 years ago
  Pattern Day Trading (PDT) restrictions in the digital currency space are an important consideration for traders. These restrictions are in place to prevent excessive risk-taking and protect traders from potential losses. If you execute more than three day trades within a five-day rolling period, you'll be classified as a pattern day trader. This applies to options trading as well. As a pattern day trader, you'll need to maintain a minimum account balance of $25,000. If you fail to meet this requirement, your account will be flagged as a Pattern Day Trading account, and you won't be able to make any more day trades for 90 days. It's crucial to understand and comply with these restrictions to avoid any negative consequences.
  732366