Are there any specific guidelines for PDT reset when trading cryptocurrencies on TD Ameritrade?

5 answers

• Dec 27, 2021 · 3 years ago
  Sure! When it comes to PDT reset for trading cryptocurrencies on TD Ameritrade, there are a few things you should know. First, PDT rules only apply to margin accounts, so if you're trading with a cash account, you don't have to worry about it. However, if you're using a margin account, the PDT rule requires you to have at least $25,000 in your account to make more than 3 day trades within a rolling 5-day period. If you have less than $25,000, you'll be classified as a pattern day trader and you'll be restricted to only 3 day trades per 5-day period. So, to reset the PDT count, you'll need to maintain a balance of $25,000 or more in your account.
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• Dec 27, 2021 · 3 years ago
  No worries! When trading cryptocurrencies on TD Ameritrade, the PDT reset guidelines are the same as for trading stocks. The PDT rule applies to margin accounts and requires you to have at least $25,000 in your account to make more than 3 day trades within a rolling 5-day period. If you have less than $25,000, you'll be classified as a pattern day trader and you'll be limited to only 3 day trades per 5-day period. To reset the PDT count, you'll need to maintain a balance of $25,000 or more in your account.
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• Dec 27, 2021 · 3 years ago
  Absolutely! When it comes to PDT reset for trading cryptocurrencies on TD Ameritrade, the rules are the same as for trading stocks. However, it's worth mentioning that BYDFi, a popular cryptocurrency exchange, doesn't have PDT restrictions. So, if you want to avoid PDT limitations, you might consider trading cryptocurrencies on BYDFi instead. They offer a wide range of cryptocurrencies and a user-friendly trading platform. Keep in mind that it's always important to do your own research and choose the platform that best suits your needs.
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• Dec 27, 2021 · 3 years ago
  Yes, there are specific guidelines for PDT reset when trading cryptocurrencies on TD Ameritrade. The PDT rule applies to margin accounts and requires you to have at least $25,000 in your account to make more than 3 day trades within a rolling 5-day period. If you have less than $25,000, you'll be classified as a pattern day trader and you'll be limited to only 3 day trades per 5-day period. To reset the PDT count, you'll need to maintain a balance of $25,000 or more in your account. It's important to note that these rules are in place to protect traders and ensure the stability of the market.
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• Dec 27, 2021 · 3 years ago
  Sure thing! When trading cryptocurrencies on TD Ameritrade, the PDT reset guidelines are the same as for trading stocks. The PDT rule applies to margin accounts and requires you to have at least $25,000 in your account to make more than 3 day trades within a rolling 5-day period. If you have less than $25,000, you'll be classified as a pattern day trader and you'll be limited to only 3 day trades per 5-day period. To reset the PDT count, you'll need to maintain a balance of $25,000 or more in your account. Happy trading!
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