What is the maximum number of day trades allowed for cryptocurrencies on tastyworks?

3 answers

• Tammam R RahhalJul 30, 2023 · 3 years ago
  The maximum number of day trades allowed for cryptocurrencies on tastyworks is 3 within a rolling 5 business day period. This means that if you make 3 day trades within 5 business days, you will be considered a pattern day trader and will be subject to additional requirements and restrictions. It's important to keep track of your day trades and be aware of the regulations to avoid any penalties or limitations on your trading activities.
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• MeghanasrinivasJul 17, 2024 · 2 years ago
  When it comes to day trading cryptocurrencies on tastyworks, there is a limit of 3 day trades within a rolling 5 business day period. This restriction is in place to comply with the regulations set by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). It's crucial to understand and abide by these rules to ensure a smooth trading experience on tastyworks.
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• Hasnain ArshadApr 27, 2023 · 3 years ago
  The maximum number of day trades allowed for cryptocurrencies on tastyworks is 3 within a rolling 5 business day period. Please note that this information is specific to tastyworks and may vary for other platforms or exchanges. It's always a good idea to check the rules and regulations of the specific exchange you are using to ensure compliance and avoid any potential issues with your trading activities. If you have any further questions, feel free to reach out to the support team at BYDFi, they will be able to provide you with more detailed information regarding day trading limits on tastyworks.
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