Weekly and monthly RSI? Tf?

You looking at 15m and hourly charts right?

Yeah that’s just not the rule tho.

Ok cool.

Anyway…yeah PDT isn’t preventing anyone from getting rich.

I’m guessing it wasn’t “easy” back then either

Dude. Let me promise you - 90% of references to theta, including this post, don’t use the term correctly.

It’s the diff between saying “stock XYZ might go to 100 from 80 by tomorrow” and “…to 100 from 80 within a year”.

You’ll notice if you open the options chain, the farther the strike the lower the price, and the farther out in time the higher the price.

Theta properly refers to the diff between same strike options over x time. So every time “theta gang got me” but price moved through a strike they missed the point of theta.

Y’all act like every random asshole w/o PDT would get rich daytrading it’s lunacy

This isn’t “problem solved” lol. Everyone saying “cash acct fix” just ignoring that you can’t turn your acct over more than 1x per day…

Eg a $100 acct can trade a $100 contract/share one time in a day.

TL;DR - cash acct is still very restrictive intraday, compared to PDT being removed.

Your example was always just 1 daytrade

The point was #5 isn’t happening so it’s not a prob for stocks…

eBay has a little something called integrity.

Lol hit a nerve?

When the corporate infrastructure ramped up the ass-play…?

In all seriousness, the stock market has been a gambling play-thing for the wealthy for a long time. In finance you can fail into substantial amounts of money.

If the markets were governed by a legitimate authority it might be more prudent to put away substantial savings in bonds etc. - but the lifetime savings of a good chunk of the population will never be enough to make a significant difference in retirement, let alone a difference worth a lifetime of sacrificing every opportunity to enjoy it.