Hello fellow traders! Ever found yourself staring at your Webull account, heart pounding, wondering exactly how many day trades you have left before you hit that dreaded Pattern Day Trader (PDT) wall? You're not alone! It's a common concern for active traders, and understanding your day trade count is crucial to avoiding account restrictions.
This comprehensive guide will walk you through everything you need to know about checking your day trades on Webull, understanding the rules, and navigating the nuances of day trading. Let's dive in!
Understanding the Basics: What is a Day Trade?
Before we get into the "how-to," let's clarify what a day trade actually is. On Webull, and generally across brokerages, a day trade occurs when you buy and sell (or sell and then buy) the exact same security within the same trading day. This includes pre-market and after-hours trading that takes place on the same calendar day.
Key things to remember about day trades:
It's about opening and closing a position within the same day. If you buy shares today and sell them tomorrow, that's not a day trade.
Multiple entries and exits for the same security on the same day count as one day trade if they are part of a single "round trip" for that security. For example, buying 100 shares of ABC, then buying another 50 shares of ABC, and later selling all 150 shares of ABC on the same day counts as one day trade. However, if you buy 100 shares, sell 100 shares, then buy another 50 shares and sell those 50 shares all on the same day, that's two day trades.
The PDT rule primarily applies to margin accounts with less than $25,000 in equity. If you have a cash account or a margin account with over $25,000, you generally have unlimited day trades.
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| How To Check How Many Day Trades Left On Webull |
The Pattern Day Trader (PDT) Rule Explained
The PDT rule, established by FINRA (Financial Industry Regulatory Authority), is designed to protect new or underfunded traders from excessive risk. If you have a margin account with less than $25,000 in equity, you are limited to three day trades within any rolling five-business-day period.
If you execute a fourth day trade within that five-business-day window, your account will be flagged as a Pattern Day Trader (PDT). Once flagged, your account will be restricted to "closing-only" transactions, meaning you can only sell existing positions and cannot open any new ones, until you either:
Bring your account equity above $25,000.
Request a PDT reset (usually a one-time per account lifetime option).
Important Note: The $25,000 equity balance needs to be maintained at the close of business each day to avoid an Equity Maintenance (EM) call. Intraday fluctuations above $25,000 do not satisfy this requirement.
Now, let's get to the good stuff!
Tip: Keep your attention on the main thread.
Step-by-Step Guide: How to Check How Many Day Trades Left on Webull
Webull is generally good about providing this information, though the exact location might vary slightly based on updates to their app or desktop platform.
Step 1: Engage Your Webull App (or Desktop Platform)
Alright, let's get started! First things first, open up your Webull app on your mobile device or launch the Webull desktop application on your computer. Are you ready to uncover your day trade status? Let's do this!
Step 2: Navigate to Your Account Section
Once logged in, you'll typically find a navigation bar at the bottom of the mobile app or on the side/top of the desktop platform. Look for an icon that represents your account or profile. It's often a human silhouette or a general "Account" or "Me" tab.
On Mobile: Look for the "Webull" icon (usually the bull logo) at the bottom center of the screen, or sometimes an "Account" or "Me" tab on the right. Tap on it.
On Desktop: You'll usually see an "Account" or "Portfolio" section readily available on the main interface.
Step 3: Locate Your Account Details/Summary
Within the account section, you're looking for a summary of your trading information.
Finding the Day Trade Counter (If Directly Visible): Some users report that Webull directly displays a "Day Trade Count" or "PDT Count" within the main account summary or header details. Look for something clearly labeled with "Day Trades" or "PDT." If you see it, great! The number displayed is your current day trade count within the rolling five-business-day period.
This is the easiest scenario, and Webull often aims to make this clear for users subject to PDT rules.
Accessing More Detailed Account Information: If you don't see it immediately, look for options like:
"Details"
"Assets"
"Account Info"
"Risk & Disclosure" (sometimes tucked away here)
"More" or an ellipsis (...) that might lead to further options.
Step 4: Finding the Pattern Day Trader (PDT) Information
Tip: Reading with intent makes content stick.
This is where the specific information about your day trades should reside.
Within Account Details: Once you're in a more detailed account view, look for sections related to:
"Pattern Day Trader"
"Day Trading"
"Trading Power" or "Buying Power" (sometimes linked here as PDT affects it)
Checking Your "Risk" or "Violations" Section: In some instances, Webull might present warnings or flags in a dedicated "Risk" or "Violations" area if you are approaching or have hit your PDT limit.
Example (based on common Webull interface): You might find it under "Account" -> "Details" -> and then a section mentioning "Pattern Day Trader" or a "Day Trade Counter."
Keep an eye out for phrases like "Rolling 5-day period" or "Day Trades Left."
Step 5: Interpreting Your Day Trade Count
Once you find the "Day Trade Count," understand what it means:
Number of Day Trades Used: This number indicates how many day trades you have already executed within the rolling five-business-day period.
Day Trades Remaining: Webull might explicitly state "X day trades left" or you'll need to infer it. If you have a margin account under $25,000, remember you are allowed 3 day trades in the rolling 5-business-day period.
For example, if your count shows "2 Day Trades," you have 1 day trade remaining before hitting PDT status.
Rolling 5-Business-Day Period: This is critical. It's not a fixed Monday-Friday week. It's the current day plus the previous four business days. So, a day trade you made last Monday will "fall off" the count after Friday, making room for a new one on the following Monday (assuming no holidays).
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Step 6: Reviewing Your Trade History for Specifics (Optional but Recommended)
If you want to verify which trades counted as day trades, you can go to your "Order History" or "Trade History" section.
Look for trades where you bought and sold the same security on the same date. This will help you reconcile the day trade count Webull provides.
This step is particularly useful if you're close to the limit and want to be absolutely certain.
Important Considerations for Day Trading on Webull
Cash Accounts: If you primarily use a cash account, the PDT rule does not apply. You can day trade as much as you want, provided you have settled funds. However, cash accounts are subject to Good Faith Violations (GFVs) if you trade with unsettled funds.
Understanding T+2 Settlement: Most stock and ETF trades settle in T+2 business days (Trade Date + 2 business days). This means if you sell a stock today, the funds won't be fully "settled" and available for a new purchase until two business days later.
Margin Accounts ($25,000+): If your margin account consistently maintains equity above $25,000, you are generally exempt from the PDT rule and can day trade freely.
PDT Reset: Webull allows for a one-time PDT reset for margin accounts flagged as PDT. This removes the restriction and allows you to day trade again (but be careful not to get flagged a second time, as subsequent flags are permanent).
To request a reset, you typically need to go into your account settings or contact Webull support.
Pre-Market & After-Hours: As mentioned, trades executed in pre-market or after-hours sessions on the same calendar day as a corresponding buy/sell will count as a day trade.
Options Trading: Day trading rules also apply to options. Opening and closing an options contract on the same day counts as a day trade.
Futures Trading: The PDT rule does not apply to futures trading on Webull.
Variety of Styling Showcase
This section demonstrates how we can use different styling to emphasize points.
It's crucial to always monitor your account equity, especially if you are near the $25,000 threshold.
Do not rely solely on memory when tracking your day trades. Always check the official count provided by Webull.
Remember that market volatility can quickly change your account balance, potentially pushing you below the PDT threshold unexpectedly.
A disciplined approach to day trading is key to long-term success and avoiding account restrictions.
Leverage can amplify both gains and losses, so exercise caution when using margin for day trading.
Frequently Asked Questions (FAQs) about Webull Day Trading
Reminder: Save this article to read offline later.
Here are 10 common questions with quick answers to help you navigate day trading on Webull:
How to avoid being flagged as a Pattern Day Trader (PDT) on Webull?
Maintain over $25,000 in your margin account equity at the close of each trading day, or if you have less, limit your day trades to no more than three within a rolling five-business-day period.
How to count day trades on Webull?
A day trade is one round trip (buy and sell, or sell and buy) of the same security within the same trading day. Webull typically provides a "Day Trade Count" in your account details.
How to check if my Webull account is a margin or cash account?
You can usually find your account type (cash or margin) within your Webull account settings or details section.
How to deposit funds to increase my Webull account equity to avoid PDT?
Navigate to the "Transfer" or "Deposit" section within your Webull app or desktop platform and follow the instructions to link a bank account and initiate a deposit.
How to request a PDT reset on Webull?
Tip: Look for examples to make points easier to grasp.
If eligible, you can usually request a PDT reset through your account settings or by contacting Webull customer support. Remember, it's typically a one-time option per account.
How to understand the "rolling five-business-day period" for day trades?
This period includes the current trading day and the four preceding business days. As each new day begins, the oldest day drops off the rolling five-day count.
How to know if pre-market or after-hours trades count as day trades on Webull?
Yes, pre-market and after-hours trades count towards your day trade limit if the opening and closing of the position occur on the same calendar day.
How to use a cash account on Webull for unlimited day trading?
While cash accounts aren't subject to PDT rules, you must use settled funds for each trade. Selling a stock frees up the cash for a new purchase only after T+2 settlement.
How to track my unsettled funds on Webull?
Webull's account summary often shows your "Cash Balance," "Settled Cash," and "Unsettled Funds." Keep an eye on settled cash for new purchases in a cash account.
How to contact Webull support for day trading questions?
You can usually find support contact information (chat, phone, email) within the "Help Center" or "Customer Service" section of the Webull app or website.
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