The $25,000 requirement for pattern day traders in order to consistently trade Intraday is more hazardous then a “protection” the $25,000 requirement to preform consistent intraday trades, prevents small “start up investors” or people wanting to learn to day trade from effectively trading, as the PDT can effectively stop someone from avoiding a reversal in price action due to plain fear of being marked a “PDT” and therefore being barred from buying stocks for up to 90 days, the effect of this rule is very obvious, the PDT rule prevents the “small fish” from being profitable to the point where they meet the standards of the PDT designation, for example, let’s say I bought 100 shares of MBOT at 1.90, the price then soars but in the SAME DAY the price movement reverses, under FINRA rules I would be effectively penalized for wanting to sell those 100 shares for a higher price then what I paid for in the same day, so out of fear of my account being frozen I hypothetically hold until the next market day to avoid a strike, only to wake up to see that those 100 shares I bought are now worth less then what I originally paid for!! THIS is the problem with the PDT rule!!
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Ryan Rosansky Comment On Regulatory Notice 24-13
The $25,000 requirement for pattern day traders in order to consistently trade Intraday is more hazardous then a “protection” the $25,000 requirement to preform consistent intraday trades, prevents small “start up investors” or people wanting to learn to day trade from effectively trading, as the PDT can effectively stop someone from avoiding a reversal in price action due to plain fear of being marked a “PDT” and therefore being barred from buying stocks for up to 90 days, the effect of this rule is very obvious, the PDT rule prevents the “small fish” from being profitable to the point where they meet the standards of the PDT designation, for example, let’s say I bought 100 shares of MBOT at 1.90, the price then soars but in the SAME DAY the price movement reverses, under FINRA rules I would be effectively penalized for wanting to sell those 100 shares for a higher price then what I paid for in the same day, so out of fear of my account being frozen I hypothetically hold until the next market day to avoid a strike, only to wake up to see that those 100 shares I bought are now worth less then what I originally paid for!! THIS is the problem with the PDT rule!!