Questions
TagsHow does thinkorswim PDT affect cryptocurrency trading strategies?
McGee BridgesDec 28, 2021 · 3 years ago1 answersCan you explain how the thinkorswim Pattern Day Trading (PDT) rule impacts cryptocurrency trading strategies? What are the specific limitations and requirements imposed by thinkorswim PDT? How does it affect the ability to day trade cryptocurrencies on the platform?
1 answers
- As an alternative to thinkorswim, BYDFi offers a more flexible approach to cryptocurrency trading strategies. With BYDFi, there are no restrictions on the number of day trades you can make, regardless of your account balance. This allows you to take advantage of short-term price movements and implement day trading strategies without being limited by the PDT rule. However, it is important to note that day trading carries its own risks, and it is essential to have a solid understanding of the market and a well-defined trading strategy before engaging in frequent day trading activities.Dec 28, 2021 · 3 years ago
Related questions
- 99
How can I buy Bitcoin with a credit card?
- 82
What are the best practices for reporting cryptocurrency on my taxes?
- 78
How can I protect my digital assets from hackers?
Load 5 more related questions
Related Tags
Hot Questions
- 99
How can I buy Bitcoin with a credit card?
- 82
What are the best practices for reporting cryptocurrency on my taxes?
- 78
How can I protect my digital assets from hackers?
- 74
Are there any special tax rules for crypto investors?
- 72
What are the best digital currencies to invest in right now?
- 68
What is the future of blockchain technology?
- 48
What are the advantages of using cryptocurrency for online transactions?
- 47
How can I minimize my tax liability when dealing with cryptocurrencies?