Are there any restrictions on the number of trades I can make in a day?
Asked 6 months ago
Yes, there are restrictions on the number of trades you can make in a day with Robinhood. As per the regulations set by the Financial Industry Regulatory Authority (FINRA), if you have an account classified as a Pattern Day Trader (PDT), you are limited to three day trades within a rolling five trading day period. A day trade is any round-trip trade where a position in a security is both opened and closed on the same day. If you exceed this limit, your account may be flagged as a PDT account, and you will need to maintain a minimum account balance of $25,000 to continue day trading. However, if you have a Robinhood Cash account, you are not subject to these restrictions and can make as many day trades as you like with settled funds in your account.
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