Are there any limitation on crypto day trading?
Are there any limitation on crypto day trading?
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user97952 · External communityPost link
External question — Personal Finance Stack Exchange
Author: user97952
Original post: https://money.stackexchange.com/questions/124891
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
I'm trading crypto on Robinhood. My account is over $30,000 (for the last month). But today I got this weird message:
Because you are marked as a pattern day trader, your account will be restricted from placing day trades if you purchase 1 BTC.
Why? I tried contacting their customer support, but still didn't get an answer. Is there any additional limitations? I have never had this issue trading stock there. Is this a bug?
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: user97952 Source score (net votes, not local likes): 0 Original post: https://money.stackexchange.com/questions/124891 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I'm trading crypto on Robinhood. My account is over $30,000 (for the last month). But today I got this weird message: Because you are marked as a pattern day trader, your account will be restricted from placing day trades if you purchase 1 BTC. Why? I tried contacting their customer support, but still didn't get an answer. Is there any additional limitations? I have never had this issue trading stock there. Is this a bug?
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