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reercalium2 t1_jad2p1a wrote

Reply to comment by viperex in Webull policy update regarding Pattern Day Trading. by Present_School_8754

Apparently it's something to do with unsettled funds

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LordPontificus t1_jadccgr wrote

Yes- if I had to guess it’s this. Believe it or not settlement risk is still a thing and we’re still on t+2. Day trading is inherently riskier and it adds stress to the settlement process so this was kind of a no brainer. It basically says you can day trade all you want but put up the money to prove you’re not a complete idiot. Makes sense

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