Apr. 15 at 12:24 PM
$BULL people are going to chase, brokerages will be able to let margin accounts with under
$25K daytrade. Brokerages have never loved enforcing the rule. They will be able to gain a lot of interest on margin instead. Cash accounts have had to sit overnight with trades for funds to settle and cant place more than 3 day trades a week or get your account locked for 90 days. This is major news.
$HOOD is going to pump along with BULL
https://finance.yahoo.com/markets/options/articles/sec-eliminates-25-000-pattern-050417843.html