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>>62116609
sweet, can't wait to lose all my money

>>62116609
But couldn't you already daytrade anyway with like a hundred bucks through things like robinhood?

>>62116609
Is this tax free trading or something? What's this mean?

Explanation:
Most poor people who don't have $25,000 can only make 3 "round-trip" trades during the same trading session. This 3 limit resets weekly, and if a person makes 4 day trades, their account is flagged for quite a while and many types of trades are restricted.

>>62116609
Is this tax free trading or something? What's this mean?

Cool now eliminate capgains taxes under 100k you fucking hacks.

>>62116626
Those n-words give you warnings.

>>62116639

>>62116626
>>62116644
It's for values under $25,000. Basically as a small fry you were limited to only getting to make 3 trades a day and would get a 30 day suspension if you went over.

Basically they pretended poors were clogging up the market and preventing them doing their job.

>>62116626
the limit was 4 times within 5 trading days

>>62116653
> It's for values under $25,000. Basically as a small fry you were limited to only getting to make 3 trades a day and would get a 30 day suspension if you went over. Is this true? 3 trades a day?

Honestly I will try to take advantage of this. If I stick with small momentum trades and lock in a couple of 2%, ~$50 trades per day, this new rule actually enables a decent way to climb a portfolio.

>>62116668
https://www.finra.org/investors/investing/investment-products/stocks/day-trading
Not per day, per 5 business days.
My bad.

they want you to lose your money tbqh and you will

>>62116689
This. So many people will lose their shit trying to make it. lmao

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>>62116689
>>62116701
You say this, but what if I put $2,000 into BITU tomorrow and exit at 2% and get a free lunch xD

>>62116689
>buy $100 worth of stock
>sell it for $120
>buy it for $100
>sell it for $120
ez profits
nobody is swinging massive numbers around (under $25000) and nobody is buying stocks that randomly go to zero within 4 day trades....

>>62116630
no tax on losses, and the first $15k on a $25k account is TAX FREE

>>62116743
tax on losses? What?

>>62116686
>pattern day traders must maintain minimum equity of $25,000 in their margin account
>tfw so non-poor I didn't even know it's a thing
kek

>>62116743
tax on losses? What?

>>62116743
tax on losses? What?
>>62116750
I never knew this to. So how do robin hood traders do it?

gotta go fast

LAND OF THE FREE they say

>>62116686
>pattern day traders must maintain minimum equity of $25,000 in their margin account
>tfw so non-poor I didn't even know it's a thing
kek

>>62116609
Top signal

>>62116689
>buy $100 worth of stock
>sell it for $120
>buy it for $100
>sell it for $120
ez profits
nobody is swinging massive numbers around (under $25000) and nobody is buying stocks that randomly go to zero within 4 day trades....

>>62116609
If you have a sub 25k portfolio you should be working the dish pit or flipping burgers instead of trying to make it trading lmao. A McDonald's employee makes at minimum 30k a year without including benefits like free shift meals and healthcare. Let's assume you're an almost savant level trader and can make a 50% return on your portfolio day trading in a year. Even at the top end with a $24,999 portfolio you're making 1/3 of what you could've made just providing a mcloving experience. The ONLY people this benefits are brokerages and people that sell monitors to retards that think you need 6 of them to be a "trader".

>>62116758
>So how do robin hood traders do it?
they trade daily/weekly time frames

>>62116717
This is like tragic comedy. You wanna save the world but your fat ass cant even save your own heart and brain from a fork and plate.

>>62116758
>I never knew this to. So how do robin hood traders do it?
Jesus Christ, how the fuck we have people on /biz/ that don't understand this? The PDT rule came about because retards were treating the stock market like gambling and compulsively making trades like a slot machine so they capped poor impulsive low IQ retards at making only a few trades a week since they were clearly just gambling and not investing. That was BEFORE 0DTE or weekly options were a thing for anyone outside of large firms hedging their positions. Now any fucking retard can blow up their account making 1 huge fucking gamble on short dated options since they can do it from their phone so the entire point of the PDT rule is basically moot since you can basically just take ALL THE MONEY you have and blow it up in 1 spin of the roulette wheel of the market.

>>62116609
What does that mean?

>>62116609
Basically a win for broke poorfag NEETs who live with their mom and pay no bills and like to gamble sometimes, like myself.

>>62116650
Its actually close to 120k if youre married, its a qualified long term capital gain or qualified dividend holding.

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>>62122987
Same.

>>62116609
I dont know what this means

>>62122989
Long term on 120k in gains would still be 12k in taxes, eliminate that shit.

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>>62119642
>there are people using AI bots for day trading and making way above that 50% return, yet here you are stuck in the analog age stating 50% return is amazing, when anons in crypto are hitting 1000x+.
Yikes... get with the time boomer

>>62123006
Standard deduction still applies so its closer to 130k before a single penny in tax comes out. Assuming no income tax state

But its not right that someone who waged for 120k should get a third of their income eliminated while someone who sold stocks and cashed out dividends got a pat on the back