Cryptocurrency Q&A
How to day trade on Robinhood without 25k?
How to day trade on Robinhood without 25k?
CryptoVisionary
Fri Nov 29 2024
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7 answers
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I want to start day trading on Robinhood, but I don't have 25k. Is there a way to do it with a smaller amount? I heard there are some restrictions for day trading, so I'm wondering if there's a workaround for this.
7 answers
TaegeukChampionCourage
Sun Dec 01 2024
A cash account allows individuals to engage in day trading without the requirement of a $25,000 minimum balance.
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KDramaLegend
Sun Dec 01 2024
However, traders utilizing a cash account face restrictions related to the settlement period of funds.
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Federico
Sun Dec 01 2024
Typically, funds are settled two business days after a trade is executed.
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SamuraiWarriorSoul
Sat Nov 30 2024
This settlement period can hinder the ability to make consecutive day trades with the same capital.
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HallyuHeroLegend
Sat Nov 30 2024
Alternatively, margin accounts provide traders with greater flexibility in their trading activities.
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