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re: Day/swing trading

Posted on 10/8/16 at 9:26 am to
Posted by bayoubengals88
LA
Member since Sep 2007
19248 posts
Posted on 10/8/16 at 9:26 am to
quote:

I do all of my 'day' trading on Robinhood. So I can't do but 4 day trades in a week so I'm not exactly making millions flipping 100 ROX stocks a week.


I think it's only three in a five day span. I did four and got flagged....Now I can't make a day trade for 3 months.
Posted by Omada
Member since Jun 2015
695 posts
Posted on 10/8/16 at 1:00 pm to
That is correct. Most brokers will remove the flag just once if you call and feign ignorance. Don't do it again though with a margin account unless you have $25k in there.
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