I think that pattern day trading rule for accounts less than $25000 is unfair and I like to be cancelled because small investors like me with account $2000 lose money because of this rule.
Exemple
on 12/11/12 I had 3 day trades in 5 trading days and I traded earnings on C3AI and because I can not sold the stocks because then my account will be restricted because the stock rises and then fall out I lost in few hours $200.I closed the stock next day with a list of money.
I think that this rule was established in 2021 and after more than 20 years have to be abolish because small investors lose money when stocks are volatile and they have not the same rights like investors with over$250000.
Please review this rule and I think that the rule have to be abolish.
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Sorin Sandru Comment On Regulatory Notice 24-13
I think that pattern day trading rule for accounts less than $25000 is unfair and I like to be cancelled because small investors like me with account $2000 lose money because of this rule.
Exemple
on 12/11/12 I had 3 day trades in 5 trading days and I traded earnings on C3AI and because I can not sold the stocks because then my account will be restricted because the stock rises and then fall out I lost in few hours $200.I closed the stock next day with a list of money.
I think that this rule was established in 2021 and after more than 20 years have to be abolish because small investors lose money when stocks are volatile and they have not the same rights like investors with over$250000.
Please review this rule and I think that the rule have to be abolish.
Thank you for your time