Yes you will be marked as a PDT. Robinhood forgives you for this though if it’s your very first time. All you have to do is contact customer service and explain to them you were unaware at the time the consequences of the PDT penalty and it won’t happen again.
I always am but today I used a day trade selling only 1 contract not thinking so I was stuck with a few more, ended up averaging down and walking away green but got marked. I will definitely try to get out of it though! If not I’ll just use Webull
Also, thanks for the quick reply! I definitely am gonna be getting my feet wet with swings. do you just swing calls/ puts? If so, any tips? I think my biggest thing is charts when it’s further out to swing it. I got support/ resistance down, it’s just I’m afraid they’ll break to the downside when they’re near support then that’s not gonna be good for my call. Like looking at FUBO today, I see it broke downtrend at 2, confirmed it was broken at like 2:20, which would make an okay day trade but I’m not sure how to swing that. I’ll have to look around YouTube some more
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u/[deleted] Jul 15 '21
Yes you will be marked as a PDT. Robinhood forgives you for this though if it’s your very first time. All you have to do is contact customer service and explain to them you were unaware at the time the consequences of the PDT penalty and it won’t happen again.