All articles tagged with #day trading
Regulators are planning to replace the $25,000 minimum equity rule for day trading with a new intraday margin rule, making active trading more accessible for smaller accounts and potentially increasing trading activity among retail investors.
US regulators, through Finra, are proposing to relax day-trading rules by lowering the minimum account balance from $25,000 to $2,000 for retail investors, potentially eliminating the three-trade limit and allowing brokerages to set their own margin requirements, in response to market changes and reduced trading costs.
US regulators are considering relaxing the pattern day trading rule, which currently restricts investors with less than $25,000 in their accounts from frequent trading, by lowering the minimum to $2,000 and allowing brokerages to set their own margin thresholds, aiming to increase retail market participation amid evolving trading practices and technological advancements.
A 24-year-old astrologer named Racso lost $440,000 day trading cryptocurrencies and now relies on credit card debt to fund his lifestyle, while refusing to seek regular employment. Personal finance YouTuber Caleb Hammer expressed frustration with Racso's situation, criticizing his excessive leverage and reliance on astrology for trading decisions. Racso's debt includes high credit card balances and an auto loan, with no current income to support them. While his situation seems dire, it could potentially be salvaged with a robust source of income, tighter budgets, and addressing his credit card addiction.