What is a day trade, exactly? A day trade is when you buy and then sell a security on the same day (or sell and then purchase the protection on the same day). If you buy, sell, and then buy another particular stock on the same day, you are not engaged in day trading.
If you have a regular account, the platform will only allow you to make three trades over a five-trading-day period. However, if your account has $25,000 or more of equity, you can make unlimited transactions.[Read more…] about Day Trading on Robinhood: Is It a Good Idea?