May 4, 2020
I have been playing the stock market for at least fifteen years and ETFs have been a vital part of my trading strategy. ETFs allow many options, such as limited loss shorting, that trading regular stocks do not. They also allow access to general markets, such as crude oil, gold, and gas, to be purchased, both long and short. I would hate to see the other many options and advantages ETFs offer taken away. These are not buy and hold by any means, and I would think anyone trading, especially an institutional investor, should know that. However, if you are wanting to help or protect individual investors, a big benefit to me would be the removal of the only three trades permitted in a five-day period rule. I have had to watch profits go down the drain because I was forced to wait and sell stock the next day in order not to be flagged as a day trader. This rule should go away or increased to at least 10 trades for 5 days. When the market is moving, having to enter and exit quickly is sometimes necessary. If you have any questions, please contact me using the attached email.