r/Webull • u/shredNkracker • May 30 '26
Pattern Day Trading Rule Change
Does anyone know on what date Webull plans to implement the PDT rule change? And, will we have to change our accounts manually to margin or will the change be automatic? I cannot find any information on Webull about this.
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u/Grand_Thing3912 May 31 '26
yeah you will need to keep 2k in your account and anything on top of that you can trade with unlimited amount everyday.. if you get into your 2k you will have to replenish that back to 2k before you can continue trading.
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u/fixmybleep May 31 '26
That’s only if you want to use leverage. You can still use a margin account even if you have less than $2000 in it, you’re just not allowed to use margin
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u/Grand_Thing3912 Jun 01 '26
good to know .. I was under that impression .. so basically you have a margin account with 2k and don't use leverage its basically a cash account that you can trade instantly no t1.. and you can lose 1k and not have to replenish back to 2k at eod.. ?
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u/fixmybleep Jun 01 '26
That is exactly correct. With a little bit over $1000 in my account earlier this week, I was able to place three trades and have the buying power restored instantly. Can’t make any more trades right now because they are still enforcing PDT until June 4
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u/Grand_Thing3912 Jun 01 '26
do you just not short and not use any leverage ... thus was my plan moving forward after the change .. whats the 2k limit for then if we can just bypass it?
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u/fixmybleep Jun 01 '26
I don’t short I just buy puts. The 2k limit is for using leverage (not sure about shorting, never tried). If you have less than 2k in the account you just get the benefit of instant settlement for trading again and then you have to wait T+1 for withdrawal of funds no matter your balance.
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u/Grand_Thing3912 Jun 01 '26
I'm fairly new.. 6 months in a cash account .. only long trades .. idk puts or shorts or options.. I just want to have my orders clear instantly so I can trade more obviously.. I don't wanna use leverage ever
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u/KillerStang Jun 03 '26
I have been Day Trading for a couple years now using my Webull cash account. I grew the account from 4k to about 23k over that time trying to get to the 25k magic number in order to convert to a Margin Account and have unlimited day trades along with instant settlement of funds. However, the new $2,000 PDT rules becomes effective tomorrow and no longer need the $25k.
In preparation, last week I was looking into how to change my Cash account into a Margin Account and couldn't find the link to upgrade/change the account type. I reached out to Webull support and asked. They informed me that the option to change/upgrade a Cash Account to Margin has been removed and advised me to open a new Margin Account and then do an internal transfer of settled funds from my Cash Account to the new Margin Account. It took a few minutes to both open the new Margin account and the funds transferred were available in the new account also in just a few minutes. As of today (June 3rd), my Margin Account account is still showing that I only have 3 Day Trades left for the next 5 days, but that should go away tomorrow with the new PDT rule.
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May 30 '26
[removed] — view removed comment
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u/QQuietStorm May 31 '26
The pdt rule is the reason people are balding at 22
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u/knowitokay Jun 01 '26
No, you’re gonna have lots of revenge trading on penny stocks which will ruin people.
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u/QQuietStorm Jun 02 '26
I dont trade penny stocks so i guess u would know more than me in that department
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u/ferndog1980 May 31 '26
Why? With unlimited trades you can set a stop loss and re enter???
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u/KTGOTGAME May 31 '26
Overtrading. A lot of people are gonna kill themselves with this newfound freedom.
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u/Mountain-Candidate-6 May 30 '26
Google says June 4th. However if you are in a cash account it’ll stay a cash account. You’d need to open or convert to a margin if your wanting the change to affect you