Is it possible to continue day trading cryptocurrencies on Robinhood after being flagged as a day trader?

1 answers

• Clay HoldtNov 07, 2024 · 7 months ago
  Yes, you can still day trade cryptocurrencies on Robinhood even if you have been flagged as a day trader. However, it is important to understand the implications of being flagged. When flagged, you will need to maintain a minimum account balance of $25,000 in order to continue day trading. If your account balance falls below this threshold, you will not be able to execute day trades until the balance is restored. Additionally, Robinhood may impose certain restrictions or limitations on flagged accounts, such as limiting the number of day trades you can make in a given period. It is crucial to carefully review Robinhood's policies and guidelines to ensure compliance and avoid any potential issues with your trading activities.
  734

  367