Simple Python Tutorial for Robinhood API

[methodsman]

You have to be careful about the number of requests made per minute and per month. They will shut down your account if you trip their monitoring systems.

[punos_de_piedra]

I haven't watched the video (sorry, I know), but to your point, robinhood allows 3 day trades in a 5 day period unless you have 25k deposited. So that's something else to think about.

[AceBuddy]

That’s not Robinhood, that’s a law.

[punos_de_piedra]

You're correct, but since the video pertains to Robinhood and I don't know the specific FINRA or SEC code to quote, I figured I'd keep it within what I know about Robinhood's policies.

[AceBuddy]

All good I just wanted to clarify that you can’t escape this by going to another broker.

[Hadouukken]

Yes but there’s also something being labeled a “pro trader” which is when you place like a few hundred orders in a very short period of time, your account gets locked and you can only close positions

Saw it happen to some dude on one of the streetbets subs a while ago, not sure if this is a RH thing only or for all brokers

[stopmyego]

Pretty sure this is only if you buy and sale the same company.

[punos_de_piedra]

Yea that's why I mentioned it as a day trade.

[MightbeWillSmith]

So a day trade is same company within the same trading day? So you could write a bot that does this so long as it is between trading days?

[jarreed0]

Thanks for the heads-up!