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.
- ErikLv 71 month ago
first world problems
- A nobodyLv 71 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
- kswck2Lv 71 month ago
Might be better off asking Robinhood.