What is Robinhood's day trade restriction?

If you are labeled as a pattern day trader, Robinhood will block you from executing a day trade for 90 days. In order to get around Robinhood's day trading restriction, you need to have at least $25,000 in your account. Violating Robinhood’s day trade rules can have serious consequences on your account.

What is the pattern day trader rule?

This is known as the Pattern Day Trader Rule, or the PDT Rule. These rules are set forth as an industry standard, but individual brokerage firms may have stricter interpretations of them. They may also allow their investors to self-identify as day traders. 1 Consider the case of a pattern day trader with $100,000 in assets in her margin account.

Why am I not receiving pattern day trade protection?

If an order you place fills through multiple executions instead of a single fill, you may not receive the Pattern Day Trade Protection warning. Keep this in mind when placing very large orders, or orders on low-volume stocks. Pattern Day Trade Protection is designed as an added precaution that you can override and move forward with an order.

What happens if a pattern day trader is flagged?

If you've been flagged as a pattern day trader (PDT), you can still sign up for the brokerage cash sweep program, but you won’t be eligible to earn interest until your PDT flag is removed.