Will I be flagged as a Pattern Day Trader?

[Anonymous No.56539116]

Can I evade the pattern day trader rule by using multiple brokerages?

I’ve already turned $1,000 into $1,400 in a week by gambling on penny stocks. I have zero interest in trading on margin, and I don’t have $25,000 to put in my Robin Hood account because the bulk of my savings are in a Money Market Fund, Bitcoin, and metals. I am acutely aware that I’m most likely to lose money and I don’t care. If I risked $1,000 on scratch offs or blackjack, nobody would bat an eye. But I had to make 4 trades last Friday- 2 to cut my losses on stocks that weren’t winning, and then 2 to cash out stocks that were winning before the market closed, because after hours losses over the weekend are not worth the risk. I like to pull out once I’ve exceeded a certain goal amount, and I can’t do that after hours.

I’m sure some anon has tried setting up accounts with multiple brokers. Did it work?

[Anonymous No.56539145]

Stocks are for buying and holding.

[Anonymous No.56539166]

>>56539116
>robinhood
holy fuck just sign up for a cash account at literally any other brokerage you poor

[Anonymous No.56539282]

>>56539116
>I have zero interest in trading on margin
I'm pretty sure the PDT rule only effects you if you have PM.

[Anonymous No.56539320]

>>56539282
robinhood does it to cash accounts

[Anonymous No.56539403]

>>56539116
You're trading penny stocks in a bear market. There's a reason they have that rule, it's to protect you from yourself.

[Anonymous No.56539503]

>>56539116
1 - nobody cares about some plebe trading $1000 on penny stocks

2 - if your stupid brokerage account has an issue with just sign up for a schwab account and don't worry about it. As a matter of fact, they will likely offer you advice on how to do it better (pro tip: don't follow their advice)

[Anonymous No.56540024]

>>56539503
Thanks. Just did it. I’ve been day trading so I can get the rush of taking stupid risks without actually risking much money.