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BeerPizzaGaming t1_jackk6k wrote

Reply to comment by Ethric_The_Mad in Webull policy update regarding Pattern Day Trading. by Present_School_8754

Just trade cash only w/out margin. Problem solved.

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BullyBumble t1_jad4evq wrote

This isn’t “problem solved” lol. Everyone saying “cash acct fix” just ignoring that you can’t turn your acct over more than 1x per day…

Eg a $100 acct can trade a $100 contract/share one time in a day.

TL;DR - cash acct is still very restrictive intraday, compared to PDT being removed.

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Ethric_The_Mad t1_jackvwe wrote

As far as I can tell you get flagged as a pattern day trader with or without margin.... I use SoFi mostly nowadays and it sends me warnings even though I'm using my own money. Webull did it to me before even though I was definitely using my cash...

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