🔰Robinhood App Pattern Day Trading | Day Trading Stocks with Less than $25k in Robinhood Stock Trading Account
What happens if you day trade stocks with the Robhinhood App more than 3x in a 5 day week?
If you get 4 strikes then you account is locked 90 days or until you have $25,000 in your account. If you want to day trade with my Robinhood account with less then $25k then one can do up to 3 day trades per week. This week I’m going to try to accumulate 3 day trade strikes and see if the Robinhood app pattern day trading strikes reset sometime next week.
What is a Day Trade and Why Should I Care?
A day trade is the purchase and sale of the same security on the same trading day. Investors that sell and then buy a security or buy and then sell a security in the same day then you’ve executed one day trade. If you have an equity balance of at least $25,000 in your account, your Robinhood Instant or Gold account is limited to no more than three day trades per week. Exceeding 3 day trades results in account being restricted from placing trades for 90 days. This limit applies to margin accounts such as the Robinhood Instant and Robinhood Gold amounts but not to cash accounts.
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