Submitted by Present_School_8754 t3_11dskic in wallstreetbets
jkn1919 t1_jaalml6 wrote
Reply to comment by greycubed in Webull policy update regarding Pattern Day Trading. by Present_School_8754
It’s actually a good thing because 80% of retail trade meme stocks and Yolo’s Tesla every week.
AutoMaticTism t1_jaaq2a7 wrote
Because we can’t afford to do more. The regulations are to keep kids out of the club. You gotta get lucky if you don’t have money, you just need time once you have it.
beankdkfkfk t1_jab5rbe wrote
u act like regards here can survive one day without restriction
jkn1919 t1_jabdkp2 wrote
You can absolutely afford to do more. It’s called bankroll management and discipline. $50 a day and you’re above $25k in 2 years.
Random_Guy_47 t1_jac0zej wrote
25k in 2 years.
This is wsb not r/investing.
People are gambling 25k+ on FDs in here.
jkn1919 t1_jacjbqw wrote
That’s exactly my point to the OP.
greycubed t1_jab4jfc wrote
Give me YOLO or give me death.
pharmboy008 t1_jac7kgb wrote
🏴☠️
Ta323Ta t1_jackae9 wrote
Yeah. My job forces me to hold for 30 days before i can sell. I hate them for it but deep down i know it has saved me a lot of money on shitty trades.
jkn1919 t1_jackzn8 wrote
30 days is a long damn time.
BeerPizzaGaming t1_jacl5y9 wrote
Thats different. That is restricted stock.
Ta323Ta t1_jacliq6 wrote
No it's not. They just got tired of entry level hires spending their days trading stocks instead of doing their jobs, so now we all have a 30 day holding period for any stock you buy.
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