Mr Mirchi Posted April 28, 2020 Report Posted April 28, 2020 Robinhood lo day trader ga mark chestham antundhi limit 3 ichadu... day trade cheyatam ledhu gani roju but okko sari cheyalsi vasthundhi day trader ga mark chesthe any prob? Quote
DummyVariable Posted April 28, 2020 Report Posted April 28, 2020 Auto ban for next 5 trading days. Quote
ring_master Posted April 28, 2020 Report Posted April 28, 2020 1 minute ago, Mr Mirchi said: Robinhood lo day trader ga mark chestham antundhi limit 3 ichadu... day trade cheyatam ledhu gani roju but okko sari cheyalsi vasthundhi day trader ga mark chesthe any prob? Pump 25K into the account and do it man Quote
pahelwan Posted April 28, 2020 Report Posted April 28, 2020 Open cash account that way ni deggara money antha you can use it for day trading. If you sel anything for profit you wouldn’t be able to use that profit money same day it will take next day to clear Quote
chittiR Posted April 29, 2020 Report Posted April 29, 2020 you can do 3 day trades in 5 day period.. Turn on PDT protection on Robinhood. Quote
Yaman02 Posted April 29, 2020 Report Posted April 29, 2020 2 hours ago, DummyVariable said: Auto ban for next 5 trading days. Quote
andrafun Posted April 29, 2020 Report Posted April 29, 2020 1 hour ago, Ismail bhai said: Try webull PDT ee broker iena same rules 1 Quote
kumar4world Posted April 29, 2020 Report Posted April 29, 2020 5 hours ago, DummyVariable said: Auto ban for next 5 trading days. if you do more than 3 day trades in a period of 5 days i.e 4 day trades, your account will be banned for 90 days. That’s a 90-day ban on day trades unless you bring your account equity up to $25K. https://robinhood.com/us/en/support/articles/360001227026/pattern-day-trading/ 1 Quote
DummyVariable Posted April 29, 2020 Report Posted April 29, 2020 1 minute ago, kumar4world said: if you do more than 3 day trades in a period of 5 days i.e 4 day trades, your account will be banned for 90 days. That’s a 90-day ban on day trades unless you bring your account equity up to $25K. Most brokerages have it in their software to detect it. So they will restrict the trader from executing more than 3 trades in a 5 day trading period. The Op got a RH account recently and I was specifically referring to that. Quote
SinNombre Posted April 29, 2020 Report Posted April 29, 2020 2 minutes ago, kumar4world said: if you do more than 3 day trades in a period of 5 days i.e 4 day trades, your account will be banned for 90 days. That’s a 90-day ban on day trades unless you bring your account equity up to $25K. Yes Quote
kittaya Posted April 29, 2020 Report Posted April 29, 2020 5 hours ago, Mr Mirchi said: Robinhood lo day trader ga mark chestham antundhi limit 3 ichadu... day trade cheyatam ledhu gani roju but okko sari cheyalsi vasthundhi day trader ga mark chesthe any prob? last month pettava money Quote
kumar4world Posted April 29, 2020 Report Posted April 29, 2020 20 minutes ago, DummyVariable said: Most brokerages have it in their software to detect it. So they will restrict the trader from executing more than 3 trades in a 5 day trading period. The Op got a RH account recently and I was specifically referring to that. oh ok..RH will give you a warning for the 4th day trade in 5 days and we can still do the 4th trade but will be banned for 90 days unless we deposit 25k. Quote
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