Only 5% of day traders make money, but the SEC is now making it easier for more people to try it anyway

For many years, day trading was reserved for professional traders and wealthy investors — not just figuratively but because of a restriction known as the pattern day-trading rule. Essentially, ...
AOL

A dot-com crash-era rule protecting small investors from day trading just died — here's the history lesson Wall Street wants you to forget

An early 2000s rule intended to protect small investors from the risks of day trading is no longer. The Pattern Day Trader (PDT) rule was established in 2001 by the Financial Industry Regulatory ...
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Robinhood day trading rules: What you need to know

If you’re trying to understand Robinhood day trading rules, everything comes down to one key regulation: the Pattern Day Trader (PDT) rule. Day trading means buying and selling the same stock on the ...
Seeking Alpha

You no longer need $25,000 to day trade freely

A decades-old requirement that locked smaller investors out of active trading has been replaced with a more modern system, and it takes effect in about 45 days. The Securities and Exchange Commission ...
Traders Magazine

Pattern Day Trader Rule Overhaul Sparks Industry Debate

(FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, a Nomura company.) The SEC’s approval ...
Seeking Alpha

Which brokerages are scrapping pattern day trading rules today?

For the past 25 years, day traders of stocks and options in the U.S. needed to have $25,000 sitting in their accounts. If they didn't, they could only execute three day trades over a five-day period, ...