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The Federal Reserve Board's Regulation T requires brokers to "freeze" accounts that commit freeriding violations for 90 days. Accounts with this restriction can still trade but cannot purchase stocks with unsettled sale proceeds (stocks take two days to settle). [1] Freeriding can often be avoided by using a margin account.
Companies like GameStop, AMC Entertainment and Blackberry saw their stocks skyrocket before Robinhood put limits on trading, forcing the stocks back down. Robinhood Sued Over Trade Restrictions on ...
Earlier in the day, Robinhood's website showed that the trading limit on GameStop's shares was set at 500, while for AMC the limit was set at 5,500 shares. Trading restrictions on a few other ...
Robinhood currently trades at a forward P/E ratio of 29. Meanwhile, analysts expect the company to grow earnings by an average of 7% annually over the next three to five years:
Three more day trades in the next four business days will subject your account to restrictions (you can only close existing positions or purchase with available cash up front) for 90 days, or until you deposit enough to have $25,000 in your account, whichever comes first. Day trading also applies to trading in option contracts.
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