/biz/ - Business & Finance

A few quick questions about day-trading on Robinhood. I know you need $25K or more to be able to trade more than 3 times per 5-day period. My questions are these:

1. Once you've deposited 25K or more in your account, and the funds have cleared, does the PTD counter just disappear? Do you have to change any settings?

2. Does this condition automatically give you margin or leverage? I want neither, so I'd like to be sure Robinhood isn't just going to randomly extend me margin or leveraged buying power without me asking.

3. As long as I only trade with the excess (money above the 25K), I can retain my ability to day trade an unlimited number of times, correct?

>>19725682

The market won't return to pre-corona highs for 10 years if America is even around then. We're not going to get any more magic fed unicorn runs before Trump loses in November, and after Biden dies and his PoC lefty plant Vice President takes the throne, we'll look upon the days of golden bull runs with despair, and weep for that which we might never have again.