馃敯Robinhood App Pattern Day Trader | Day Trading Stocks with Less Than $25k in RobinhoodApp [Part 1]

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What happens if you day trade stock with the Robhinhood App more than 3x in a 5 day trading 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 you can do up to 3 day trades per week or in a 5 day trading session. I’m going to do a video update on this next 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. If you have experience with this then please comment below.

One of the best stocks to buy for 2017 is definitely AMD stock. The amazing thing about the Robinhood App brokerage stock account is you can get started with less than $1000 in the stock market and trade stocks commission free!

What is a Day Trade and Why Should I Care?

Simply put, we define a Day Trade as the purchase and sale of the same security on the same trading day. If you sell and then buy a security, or buy and then sell a security in the same day, you鈥檝e executed one day trade (we’ve listed examples at the bottom of the page). Unless you have an equity balance of at least $25,000 in your account, your Robinhood Instant or Robinhood Gold account is limited to no more than three day trades in a sliding five trading day window. Exceeding the three day trade limit will restrict your account from placing further day trades for 90 days. This limit applies to margin accounts (Robinhood Instant and Robinhood Gold), but not to cash accounts.

Comments

Franklin Bluth says:

I was worried day trading was per share so I am shocked to see you can trade 90 shares of 1 company and still be OK

@Coloredspaces

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