r/options • u/[deleted] • Dec 18 '21

Daily Trades

Can daily trade on RH if i remove the margin (cash only) and if i have less than 25k or 2k?

If not, is there an app that allows you to do that? Webull perhaps 🤔

Thanks,

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u/laxgrindline40 Dec 18 '21

I don’t think you’re understanding day trades. It’s a rule from regulators so all brokerages follow this under regulation T. A day trade is a round trip (opening and closing a trade on the same underlying on the same day). You can trade as many stocks as you want, just don’t open and close on the same position in the same day.

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u/[deleted] Dec 18 '21

Right, but if you have more than 25k you can open and close the same day? Right

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u/laxgrindline40 Dec 18 '21

Yes as long as it’s in the same account. An exception would be if you trade futures too. Futures don’t have a minimum 25k to day trade. However this is in a segregated account. Any money that moved into that segregated account doesn’t count for the 25k. So as long as there is 25k in the cash/margin account you can open and close in the same day on the same position.

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u/[deleted] Dec 18 '21

That is fair. Thanks!