r/wallstreetbets • u/orhan_drsn • 25d ago

News RIP sleep

Post image

[removed] — view removed post

13.6k Upvotes

96% Upvoted

1.0k comments sorted by

View all comments

Show parent comments

838

u/backfrombanned 25d ago

Yeah it's a ridiculous move for big money to churn non stop. At least they protecting the little people with PDT tho lol

102

u/wouldiwas1 25d ago

does the new policy include something about PDT?

201

u/dfddfsaadaafdssa 25d ago

No, it was a comment about how PDT rules have the opposite of the intended effect, as people end up staying in positions longer than they should. It really hurts when doing short duration options due to theta.

9

u/seemefly1 Nuked account multiple times 25d ago

I am people, it's fucked me more times then I can count

22

u/BedContent9320 25d ago

Happy IRS noises

4

u/deaglebingo 25d ago

omfg. now i need to know what this sounds like. i can almost hear it but cannot crystallize

38

u/Aezu 25d ago

Only applies to mainly US citizens tho

1

u/Realistic-King-9407 25d ago

Maybe in Canada tooo?

1

u/Aezu 25d ago

No pdt rule in Canada

1

u/[deleted] 25d ago

Citizens or residents?

2

u/Traditional-Fan3860 25d ago

There are way around PDT, either switch to an all cash account or use more than just one trading platform

1

u/backfrombanned 25d ago

I've been away from PDT for years, was just saying, the little guy keeps getting screwed.

2

u/4score-7 25d ago

protecting the little people preying on the little people, disguised as protecting.