What politicians need to do is stay away from the market.
They know so little about how it works. They shouldn't be making laws to screw it up.
What needs to be done is real time settlement so $ gets instantly cleared after trades and can be used right after.
No more PDT rule.
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Yes definitely, instant settlement would be a dream come true. GFVs suck. PDT doesn’t apply to cash accounts and only affects those on margin. If you have less than 25k and have to borrow money to trade you probably should be held to some kind of limit using someone else’s money.
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The “margin” on a small account doesn’t have to be leverage per se , it can act like instant settlement so you can use your full buying power to make up to 3 day trades. PDT arguably hurts small investors way more than it ever “protects” them
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