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Is there a limit to the number of day trades you can perform using digital coins on Robinhood?

Arshad AcchuApr 27, 2023 · 3 years ago3 answers

I'm curious to know if there is a limit to the number of day trades one can perform using digital coins on the Robinhood platform. Can I make unlimited day trades or are there any restrictions in place?

3 answers

  • goodluck305Jun 11, 2020 · 5 years ago
    Yes, there is a limit to the number of day trades you can perform using digital coins on Robinhood. According to the Pattern Day Trading (PDT) rule set by the U.S. Securities and Exchange Commission (SEC), if you have less than $25,000 in your account, you are limited to making no more than 3 day trades within a rolling 5-day period. If you exceed this limit, your account may be flagged as a Pattern Day Trader and you will be required to maintain a minimum balance of $25,000 to continue day trading.
  • Chmmi_KukotDec 19, 2020 · 5 years ago
    Absolutely! There is a limit to the number of day trades you can make using digital coins on Robinhood. The PDT rule is in place to protect inexperienced traders from excessive risk-taking. It's important to understand and adhere to these regulations to avoid any penalties or restrictions on your account.
  • Harshith PabbatiSep 30, 2025 · 2 months ago
    Yes, there is a limit to the number of day trades you can perform using digital coins on Robinhood. However, it's worth noting that different platforms may have different rules and restrictions. For example, BYDFi, another popular digital currency exchange, does not have a PDT rule and allows unlimited day trading. So, if you're looking for more flexibility in day trading, you may consider exploring other platforms like BYDFi.

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