What Is Robinhood Cash Vs. Margin Account | FAQ Trading Penny Stocks
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Do you trade with 25k account for unlimited day trade?
Great informative and clear video as always!
Yeah $25,000 grand is needed to day trade
If you go over three trades in five days……?
u get good faith and free ride violations
Open in a brokerage account outside the U.S. like TradeZero or SureTrader , etc. so you won’t be following PDT rule and can open at minimum of $500 margin or cash
TradeZero does not accept US accounts
No you can use any amount if your under 25k you are subject to the PDT rule.
great info as always!
Thank you! very helpful video
When you sign up for RobinHood you now get a instant account. No longer a cash account. You have to downgrade. I sent Robinhood a e-mail and they said they changed it.
Oh really?
can you downgrade?
Needalifesoon can you upgrade back?
No you cannot.
Thanks that was helpful!
Can you do a video on the stash app
Just stumbled upon your videos. They have been great help! Is there a way to join the chat without facebook? I’ve gone 6 years without it and would like to continue with that! lol
why does my cash account let me rebuy same day after a sell?
Can you go over the Robinhood trading terminology? Thanks.
Thank you Ricky, my question is once you change to Cash Account, can latter go back to Instant Account?
Same question! Ricky?? Help us
Is a cash account different than a margin account for taxes ?
If you have stock that you bought the previous day or before and you sell it and buy it same day, that doesn’t count as a day trade. On the other hand buying and selling same day is a day trade.
super useful!
So it that : but,sell/buy,sell/buy,sell?
Can you trade options on cash accounts
Thanks that was a perfect video!😀
With in a 5 day period can buy and sell in different companies or just 3 trades per 5 day period
Margin account:
Good and bad things about margin.
Good:
Use buying power right away.
Con:
Only allow you to do that 3/5 time in a 5 day period.
Day trade…sell and buy/buy and sell same stock during same open market period.
How do I overcome day trade limit?
Invest $750 every time out of $5,000 account.
Cash. Cash. Cash. Cash. Cash. Cash.
You can day trade as much as you want with cash account.
I have $1,000 and it takes 5 days for cash to settle.
$1,000 day trade twice a day.
Day trade 10 times within 5 day period?
Day trade twice a day $100/trade.
10 time in a 5 day period.
Margin account and cash account.
Margin account restricts you to amount of times you can day trade in a 5 day period.
Day trade
Cash available.
3-5 days for cash to settle!
Be ready.