How many day trades are allowed on thinkorswim for cryptocurrency trading?

3 answers

• Dec 28, 2021 · 3 years ago
  As of my knowledge, thinkorswim does not have any specific limitations on the number of day trades for cryptocurrency trading. However, it is important to note that day trading can be risky and requires careful consideration of market conditions and your own risk tolerance. It is always recommended to consult with a financial advisor or do thorough research before engaging in day trading activities.
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• Dec 28, 2021 · 3 years ago
  From my understanding, thinkorswim allows unlimited day trades for cryptocurrency trading. This means that you can make as many day trades as you want without any restrictions. However, it is important to keep in mind that day trading involves high risks and can result in significant losses. It is advisable to have a solid trading strategy and risk management plan in place before engaging in day trading activities.
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• Dec 28, 2021 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, thinkorswim allows up to 3 day trades per 5 business days for cryptocurrency trading. This means that if you make more than 3 day trades within a 5-day period, you may be classified as a pattern day trader and subject to certain restrictions. It is important to familiarize yourself with the specific rules and regulations of thinkorswim and consult with their customer support for accurate and up-to-date information on day trading limitations.
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