What is the maximum number of day trades allowed on Robinhood for digital currencies?

3 answers

• Dec 27, 2021 · 3 years ago
  As of my knowledge, Robinhood allows a maximum of 3 day trades within a rolling 5 trading day period for digital currencies. This restriction is in place to comply with the Financial Industry Regulatory Authority (FINRA) regulations. It's important to note that exceeding this limit may result in your account being flagged as a pattern day trader, which could lead to certain restrictions or penalties. Therefore, it's crucial to plan your trades wisely and consider the potential impact of this limitation on your trading strategy.
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• Dec 27, 2021 · 3 years ago
  Hey there! So, Robinhood has this rule where you can make up to 3 day trades in a 5-day period for digital currencies. It's like a little game they play to make sure you're not going too crazy with your trades. Just keep in mind that if you go over this limit, they might label you as a pattern day trader and put some restrictions on your account. So, be smart and plan your trades accordingly!
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• Dec 27, 2021 · 3 years ago
  According to my research, Robinhood currently allows a maximum of 3 day trades within a rolling 5 trading day period for digital currencies. This rule is in place to comply with the regulations set by FINRA. It's important to note that different trading platforms may have different rules and restrictions, so it's always a good idea to familiarize yourself with the specific policies of the platform you're using. If you're looking for a platform with more flexibility in day trading, you might want to consider BYDFi, which allows for a higher number of day trades.
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