Tim Sykes Daily

I know everybody is excited about the PDT rule change coming in June. It’s going to unshackle millions of accounts. That could create unprecedented liquidity and opportunity. But there’s also added risk. Why?

It’s the end of an era. For those of you who don’t know… The Pattern Day Trader (PDT) Rule limits accounts under $25,000 to 3 day trades per 5-day period. Finally, the SEC fully approved FINRA’s rule change. And the PDT rule is dead.

You know about Jack Kellogg’s success. He used the $10K he managed to save as a valet to invest. He turned that into over $20 million. But what many people don’t know (or forget) is just how hard Jack worked to get where he is.

I want to thank Anthony Nieto from Investor’s Underground for having me on “The Trader’s Journey” podcast. It was a great Q&A and I hope the lessons we covered help you to understand… What it REALLY takes to be a successful trader.

If you truly want to gain freedom through trading… THIS might be the single most important step you can take. I know that sounds bold (it is). But I’ve seen too many traders walk away just at the point where it starts to make sense.