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How to Switch from a Robinhood Margin Account to a Cash Account for Unlimited Day Trading
2 years ago
4
Pattern day trader
PDT
day trader
Robinhood Margin AccountCash Account
Unlimited Day Trading
stock trading
option trading
getting started trading
trading start
beginner’s guide
beginner’s guide to trading
Robinhood starts users off with a margin account that allows traders to make 3 day trades within a 5 trading day span. Exceeding that limit marks a user as a Pattern Day Trader (PDT) and restricts future day trades in their account for 3 months. It's a restriction that becomes quite bothersome for the pattern day trader so in this video, I will demonstrate how we switch our accounts into cash accounts so that we can make unlimited day trades a week with the funds available.
Pattern day trader, PDT, day trader, Robinhood Margin Account, Cash Account, Unlimited Day Trading, stock trading, option trading, getting started trading, trading start, beginner’s guide, beginner’s guide to trading
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