In my entire life I've only heard the phrase "boys will be boys" used when like a 7 year old breaks his leg trying to jump off a roof using an umbrella as a parachute
๐จdo you understand what just happened to traders in America..
for 24 years, a rule said: want to day trade? keep $25,000 in your account. at all times. or we lock you out.
millions of people with $5k, $10k, $15k accounts? banned from trading the same way rich people do.
today is the SEC's final deadline. the $25,000 minimum is being scrapped.
replaced with a simple rule: just don't blow your margin. that's it.
the barrier wasn't protecting you.. it was protecting the people who already had the money.