The Pattern Day Trader Rule Hinders Financial Independence

By F. F. Mormanni

Any adult in the United States can walk into a casino and gamble away his money, playing as many games as he wants. He can also walk into a luxury clothing store and buy as many items as he can afford. It’s his money—why shouldn’t he be free to use it as he pleases?

But in the stock market, he cannot. The Pattern Day Trader (PDT) rule, created and enforc…