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Pattern Day Trader Rules
Guest posted a topic in TopicsI am starting to think that the pattern day trader Rules at brokerages implemented by the SEC is actually not to protect the small investor but to ensure that small investors STAY SMALL. One could also make the assertion that they are inherently racist since the reality is that there are many poor ethnic minorities that won’t be allowed to do simple small trades based on the fact that they don’t have $25,000 to start out with. Anyone have any more insight into these rules?