If you’re thinking about becoming a PDT trader:
1) Understand wash sales
2) Read up on mark-to-market election(even though it’s too late to elect)
3) Understand margin requirements with whatever broker you use
4) And PLEASE consult a CPA first, taxes can WRECK if not careful
Hold on, buy-now-pay-later companies sell collateralized bonds to institutions? And there are swaps insuring these? How exactly are these bonds being collateralized?? How does any of this make sense?!?!