Does pattern day trading apply to crypto?

  • This topic is empty.
  • Creator
    Topic
  • #199593 Reply
    Pump 83

      Quick question y’all — does the pattern day trading rule hit crypto too or nah?

      I’ve been trading stocks on and off, and I keep running into the PDT rule. Super frustrating, they flag you and restrict you unless you meet the 25k threshold. Not exactly for beginners.

      Now I’m looking into crypto, and I’ve heard that you can day trade it without running into the same kind of rules. Is that actually true? Like, can I make multiple trades a day with a small account and not get hit with any limitations?

      Reply
    Viewing 4 reply threads
    • Author
      Replies
      • #199614 Reply
        Joey

          Hi mate, I don’t think crypto falls under the pattern day trading regs because it’s not a properly regulated activity. I know firms like Coinbase and Kraken don’t enforce it.

          The catch is that crypto trading is obviously higher risk because it’s not properly regulated but I’m sure you already know that…

          Reply
        • #199612 Reply
          Steve

            It shouldn’t do. The PDT rule is about stock and options trading in margin accounts. General consensus elsewhere online is that it doesn’t as well.

            Reply
          • #199613 Reply
            ABTrading 87

              No you’re good. But if you’re trading crypto through a broker that also offers stocks like Robinhood, double-check how they handle day trading – some of these platforms still have restrictions based on account type.

              Reply
            • #199637 Reply
              Pump 83

                Great stuff, thanks everyone!

                 

                Reply
              • #199666 Reply
                Oliver

                  It should be in my book.

                  Crypto is 24/7 and so volatile, which then encourages compulsive and sometimes even revenge trading. A PDT style rule would force traders to be more selective, which then encouraging longer term thinking and careful planning.

                  Reply
              Viewing 4 reply threads

              Reply To: Does pattern day trading apply to crypto?
              Your information: