August 3, 2017
As a trader with limited capital, I have found it extremely hard to operate profitably as a result of the pattern day trading rule. Given that I have less then $25,000 in my account, I am restricted to just three day trades per week. When executing these three day trades, I am almost always successful. However, when attempting to trade over multiple days, the margin for error increases substantially. Has the SEC ever thought about altering this rule to allow for skilled, but less wealthy, traders to trade and become successful in the market. I've really been studying the market and learning for the past few years, but I fear that the three trade restriction will prevent me and other traders from succeeding.
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