I can't believe that this law actually exists. It's the biggest p3ice of shit law and has easily cost me thousands.
It's bad enough not being to buy and sell on the same day. But getting locked into a position you can't get out of. I bought some stock and knew it wasn't the best choice but when I realized I couldn't get out. I knew I was fucked. Lost 1.2k that day and still pissed.
Then there is the other side that sucks. We know most stocks tank in the morning, before going back up. So naturally you know to sell if your already up quite a bit and get back in when it's down. Well not with the shitrule of pattern day trader. You sell. Well you now can't get back in without using a day trade.
God this rule pisses me off. I want to be able to buy and sell all day. Not once every other day. God I hate this law. I'll get wait to get out of this dumb law. It's like playing Mario bros and being told that when your under 3 lives your only allowed to jump 3 times. Completely dumb and only hurts those that can't invest 25k at all once.
Ok I feel better :)
Submitted January 19, 2018 at 03:41PM by takeyourtime5000 http://ift.tt/2rl6u3r
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