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Pay your own debt.
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Any thoughts on Hedgeable?
It’s 4 trades within a 5 day trading window. This a rule established within the FINRA guidelines, so there’s no way around it other than having 25K in your account
If you enter and exit the same security up to 5 times within the same week (or something like that) you're considered a day trader. Because day trader's are considered sophisticated investors and you're required to hold at least $25k in the account. Otherwise you'll be locked out of the account for 30 days.
Thanks for the added info will make sure not to do this! I was selling partial shares of things in order to buy a full share so I could do limit orders, oops
Thanks everyone! So random but good to know!
Look up PDT and do not trigger it. Change your account from Margin to Cash if you want to avoid the possibility of triggering
I thought the pattern day trader rule only applied to margin accounts (ie Robinhood Gold)
Nope, day trading applies to all brokerage accounts
Yeah I just got off that list lmao
Happy trading!
You gotta pay to play. In this case, you need $25k to play