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via BeInCrypto · By BeInCrypto Editorial
Small US Traders Just Got a Major Day Trading Break
BE
BeInCrypto Editorial(04:28 PM UTC)
1 min read
US retail traders can now make unlimited day trades with far smaller accounts after FINRA’s pattern day trader rule ended on June 4.
For 25 years, the rule forced traders with margin accounts to keep at least $25,000 in equity if they made four or more day trades within five business days. A day trade means buying and selling the same stock or equity option in one session.
Why the Old Rule Mattered
T…
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