Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

Do stop losses count towards the PDT restrictions on Robinhood investing app?

I got annihilated today by a stock I knew was going to tank, but I could not sell it because my account would get locked for pattern day trading if I did.

If I set a stop loss, will that count as day trading if the stop loss occurs in the same day which I buy the stock? On Robinhood.

3 Answers

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  • Erik
    Lv 7
    1 month ago

    first world problems

  • 1 month ago

    If the stop loss is executed it would count toward being tagged a PDT.

    Trades themselves do not cause an account to be "locked" , failure to follow the rules of making timely payments do lock accounts.   

    Did you pay for the purchase ?  Are you paying in full before selling positions? Are you close to being tagged a pattern trader ?   Do you have $25,000 equity in your account ? 

      If yes to any of these questions - call the firm, If not to any of these question - you don't know what you're doing and should no be trading.

    Source(s): from the Street
  • kswck2
    Lv 7
    1 month ago

    Might be better off asking Robinhood. 

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