Posted: 4/15/2026 3:12:21 PM EDT
| I am happy to see them gone. Which they will be shortly. Good riddance. |
| Yes, it will open up more opportunities if used reasonably. However, the $25k requirement likely saved some people from themselves. The brokerages will need to remain selective on approving margin accounts. With the PDT rule gone, some people who really can't afford to day trade will be tempted to attempt to win big. I say that because I had a few coworkers who always had grandiose get rich quick schemes. Of course, they were usually the ones who could least afford to lose their own money or other people's money, and their schemes never worked. |
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Funny thing, PDT rules supposedly protected people in taxable accounts. But no such protection was necessary in IRAs. If I made a fat fingered mistake under PDT rules, I could be stuck with it until the next day. I am far more likely to make a fat fingered mistake than I am to trade irresponsibly. |