Is there a limit on the number of day trades you can make on Robinhood before getting flagged as a day trader?

1 answers

• shahraza zaidiMay 27, 2022 · 3 years ago
  As an expert in the field, I can confirm that there is a limit on the number of day trades you can make on Robinhood before getting flagged as a day trader. The pattern day trading rule set by FINRA applies to all U.S. brokerage accounts, including Robinhood. If you execute four or more day trades within a rolling five business day period, and the number of day trades is more than 6% of your total trades in that same five-day period, you will be classified as a pattern day trader. To continue day trading, you will need to maintain a minimum account equity of $25,000. It's crucial to understand and comply with these regulations to avoid any potential penalties or restrictions on your trading activities.
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