I noticed I can buy and sell multiple positions multiple times throughout the day. I am new to trading and understand this carries a high level of risk. But, just checking - is this normal/ok/advised? I have a relative in the US who says that he cannot do this (max 4 trades) due to rules on the US …

You can buy and sell a billion times a day, if you would like to. The PDT or other day trading rules don’t apply here, first because it’s not a margin account, secondly T212 doesn’t enforce any restrictions

What is PDT and why don’t they apply? I have an ISA. Thanks!

PDT is Pattern Day Trading rule… which enforced in US by US brokers to investors who have a margin account (which means you borrow from your broker). Under this rule a investor must have 25.000 USD in their margin account to bypass this rule. But if you have a cash account, like Trading 212, this r…

Sorry for piggybacking on your thread, Tex, but I have similar concerns. Just to check, as saifali says, T212 offers cash accounts. Does that mean we are at risk of cash trading violations if we trade US stocks using unsettled cash? ( https://www.fidelity.com/learning-center/trading-investing/tradin…

That’s a benefit with T212 (and even some US brokers I use) that you can trade with unsettled funds. But if you sell the securities that you bought with unsettled funds within 2 trading days (T+2), you get a penalty. Now with T212, they are not a direct access or primary broker, and since they work…

Thanks, Saifali. Sorry, if I’m being too risk averse, but do you know if it’s documented anywhere on the T212 website that they are able to help their clients avoid these cash account restrictions by virtue of a credit line with IBKR? These sections from the Share Dealing Service Terms of Business …

First about the free shares, that only applies to the promotion, not to general sale and purchase. Secondly the sections you quoted indeed say so, but I personally think these statements are perhaps forward-looking or basically just to comply… but indeed trades are settled in 1-3 trading days… it’s…

Check this post: [image] Day Trading with 'Invest' Account? ⚖ Active trading @Dumitru_C That’s an outdated section & soon to be removed from the agreement. slight_smile

Dear Saifali, I am sorry to bother you with the same question again but can you please help me to understand if what I am planning to do will be OK or not because I don’t want to get in trouble from the first day of trading. I am based in the UK, I have an Invest account where I will deposit 17,0…

[image] Marius1: if I will be able to buy for example: 5 AMZN shares for 3200/each at 15:00, sell them at 15:40 for $ 3215/each and keep repeating this throughout the day. It’s 100% fine to do that. ps: if you are not an experienced trader, don’t do daytrade in any hypotheses, you will most …

Buying and selling in the same day

⚖ Active trading

saifali April 18, 2020, 1:32pm 10

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Buying and selling in the same day

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