Removing the PDT rule is like giving every Robinhood trader a machine gun and telling them to โtrade responsibly.โ
$SPY volatility sends its regards.
@JoeyOrs You are right. The point is many will join the already crazy market, be ready for more intraday volatility, short squeezes, etc short-term..
Longer-term, however, majority of them will be completely wiped out by eoy.
Removing the PDT rule is like giving every Robinhood trader a machine gun and telling them to โtrade responsibly.โ
$SPY volatility sends its regards.