I think abolishing PDT is a true liberation for retail investors. With more resources readily available, many retail investors are already more educated compared to the past. Also, ever since COVID, the market has been more volatile and many would want to be able to capitalise on this volatility with swing trading. Many retail investors have also gathered experience and expertise since Covid with record numbers pouring into the market. So I do think many retail investors will see PDT as a true liberation. Of course, this also comes at increased risk if one doesn’t know what one is doing but this risk is something that can be common across different investors, especially when gripped and crippled by emotions.


I think this brings about more trades and thus tighter spreads which is beneficial to all.


I think the clearest winners are the brokerages because there will be fees earned regardless whether it is winning or losing trade. Robinhood, Tiger brokers and the like will benefit most.
# SEC Abolishes Pattern Day Trader Rule: Robinhood & More to Benefit?

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