Why in the world was this rule ever allowed to be implemented? Is FINRA simply comprised of ex-fund managers similar to how the FED is all ex-Goldman? How is a new trader supposed to acquire capital?
In a volatile market such as this being forced to hold onto a losing trade because I don't want to lose trading privileges for 90 days is dumb. I would have made $773 this morning had I had the opportunity to trade but instead I have to wait until next Friday to get my 3 day trades back (made 3 day trades yesterday, up $115). If I made a trade today I'd be labeled a pattern day trader and be done for 90 days. I'm up 29% in the past 2 weeks but can't do anything until next Monday now because of this stupid rule.
If all you have to say is "get rich scrub, $25K is small potatoes" then please don't bother commenting. If you are experiencing/have experienced this and know of a way around it - I am all ears. Thank you
Submitted January 12, 2016 at 12:14PM by Noghori http://ift.tt/1RADScA
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