SEC Approves Plan Removing Day-Trading Limit for Small InvestorsPosted by MarketsWireThe US Securities and Exchange Commission gave the go-ahead for sweeping changes to a restriction on day-trading activity by small investors on Tuesday in a move cheered by retail brokers.3 repliestomspark wrote:This is gonna end badly for most people doing it. Day trading is hard enough with experience and capital — removing the PDT rule just lets retail blow their accounts faster.tomspark wrote:This is gonna end badly for most people who take advantage of it. The pattern-day-trader rule exists because retail investors blow their accounts chasing intraday moves — removing it just means more people losing money faster.tomspark wrote:This is genuinely terrible policy. The PDT rule exists because most retail day traders lose money — removing it just lets brokers pump fees while people blow up accounts faster. Robinhood's gonna love this.