Personally, I don't. I see it increasing commissions for brokers (duh), increasing the number of inexperienced/undisciplined traders who lose money, and just not making that much of a difference for the people who have been doing it for a while.
I only use one account for day trading, and it's composed mostly of around $10K of SGOV "ballast", $20K-$25K of my bull call spreads, and typically around $5K of "play money" I use for day trading.
Do you anticipate more day trading in any of your smaller accounts due to the change?
Do you expect the PDT rule change to impact you that much?
byu/SDirickson inoptions
Posted by SDirickson
6 Comments
Yes, I’ll be able to lose money faster
I use cash account so I never was impacted either way
More fish in the barrel.
Not much but maybe a bit more liquidity in the memes stocks
I don’t day trade and my account is worth more than $25k, so no.
The main effect it will have is increasing the amount of loss porn on WSB as college kids blow $1000 in one day.
No. Cash accounts were always exempt