Increase Pattern Day Trader (PDT) threshhold from $25K to $50k


Increase Pattern Day Trader (PDT) threshhold from $25K to $50k
The Issue
The current PDT rule only limits those with a mere $25,000 account to 3 day trades per 5 day period. Increasing this amount to $50,000 (inflation) would help ensure retail traders do not make risky financial decisions that could potentially harm them. We saw how many naive retail traders lost money on the GME fiasco and want to make sure that never happens again
Sterling PorepounderbergPetition Starter
This petition had 2 supporters
The Issue
The current PDT rule only limits those with a mere $25,000 account to 3 day trades per 5 day period. Increasing this amount to $50,000 (inflation) would help ensure retail traders do not make risky financial decisions that could potentially harm them. We saw how many naive retail traders lost money on the GME fiasco and want to make sure that never happens again
Sterling PorepounderbergPetition Starter
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Petition created on February 10, 2022