Let us freely day trade without being considered a pattern day trader (PDT).

Let us freely day trade without being considered a pattern day trader (PDT).

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Dominick Pezza started this petition to Congress and

It is unfair for people that trade on the US stock market and are limited to 3 day trades in a given 5 day period. The securities and exchange commission known as the SEC has this regulation, it’s time for an update on this reg. and allow us to day trade as much as we please. It said that our accounts needs to be at $25,000 to be able to day trade. 

I cannot attest to the countless times that people were in the money on stocks and options, and they couldn’t not make that trade because it would make them a Pattern day trader. This is frustrating, especially when you see that stock at the end of the day dip and don’t recover the follow days or weeks. 

The solution is that, the Congress and senate needs to pass a bill that allows us to day trade under the $25,000 dollar rule.  In fact there should not be a rule for this. We should have the freedom and opportunity to profit from the markets. 

The reason why I am asking for your help, is because I have personally impacted by the Sec ruling on accounts under $25,000 which lets my potential to maximize and capitalize on gains 

 

0 have signed. Let’s get to 100!
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