Cryptocurrency Q&A Is there a day trade limit on thinkorswim?

Is there a day trade limit on thinkorswim?

CryptoTamer CryptoTamer Fri Dec 06 2024 | 7 answers 1846
I'm wondering if there's a specific limit on day trades when using the thinkorswim platform. I want to know if there are any restrictions on the number of trades I can make within a single day. Is there a day trade limit on thinkorswim?

7 answers

Ilaria Ilaria Sun Dec 08 2024
According to the video, if an account is flagged as a Pattern Day Trader (PDT), there are specific consequences to be aware of.

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JejuJoy JejuJoy Sun Dec 08 2024
BTCC's services include spot trading, futures trading, and a wallet for storing cryptocurrencies securely.

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SakuraFestival SakuraFestival Sun Dec 08 2024
One key point mentioned is that if the account is later reflagged as a PDT, the flag will remain on the account.

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IncheonBeautyBloomingRadianceGlow IncheonBeautyBloomingRadianceGlow Sun Dec 08 2024
This means that traders need to be cautious and mindful of their trading activities to avoid being flagged as a PDT.

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alexander_smith_musician alexander_smith_musician Sun Dec 08 2024
The Pattern Day Trading Rule is explained in a YouTube video uploaded by Charles Schwab on November 4, 2021.

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