[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | | Home]

So if i sell my jnug today I'll have the possibility of

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 8
Thread images: 1

File: images-1.jpg (7KB, 276x183px) Image search: [iqdb] [SauceNao] [Google]
images-1.jpg
7KB, 276x183px
So if i sell my jnug today I'll have the possibility of being marked as a day trader on robinhood. But if i understand correctly that only applies, legally, to people who paytern day trade on margin accounts. So if i didn't borrow any money from robinhood, then i shouldn't be marked as a day trader, right?
>>
thought daytrader is defined as buying and selling a position in the same day. like 3 times in a 5 day period or something.

didn't think margin has anything to do with being identified as a day trader.
>>
>>1697061
PDT rules don't apply to cash accounts.
>>
>>1697164
>>1697103
Kek i got marked as a day trader
>>
>>1697204
Wait.... That's a bad thing? Lol I'm day trading rn
>>
>>1697204
https://en.wikipedia.org/wiki/Pattern_day_trader

"The rule applies to margin accounts, but not to cash accounts."
>>
>>1697218
Apparently robinhood is a margin account since i hit the day trade limit and got marked. At least this will present me from wasting money on meme stocks
>>
>>1697284
If you have Robinhood instant, then that is a margin account.
Thread posts: 8
Thread images: 1


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]
Please support this website by donating Bitcoins to 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
If a post contains copyrighted or illegal content, please click on that post's [Report] button and fill out a post removal request
All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site. This means that 4Archive shows an archive of their content. If you need information for a Poster - contact them.