Viewing a single comment thread. View all comments

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.

21

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.

14

beankdkfkfk t1_jab5rbe wrote

u act like regards here can survive one day without restriction

7

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.

3

Random_Guy_47 t1_jac0zej wrote

25k in 2 years.

This is wsb not r/investing.

People are gambling 25k+ on FDs in here.

3

jkn1919 t1_jacjbqw wrote

That’s exactly my point to the OP.

2

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.

1

BeerPizzaGaming t1_jacl5y9 wrote

Thats different. That is restricted stock.

1

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.

1