Joined June 2025
2 Photos and videos
Interesting topic @PeterLBrandt Here is a quick story how being a poser actually cost me money and what I learned from it. tradequillo.com/blog/trading…
There is an easy way to distinguish between the "real" traders and the posers. Posers makes refer to trades in terms like 950% on this, 10X on that and 400% in two weeks on some other trade. They do not realize performance must ALWAYS be expressed relative to total account value, NEVER against the cost of a stock or options price. Talk of big returns is a "tell" that you are being conned.
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1/ The Pattern Day Trader rule is gone. As of June 4, 2026, the $25,000 minimum and the PDT label were removed. If you trade a small account, this is the biggest structural change in years. Here is what actually changed, and what did not.
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7/ The freedom is real. So is the risk. The traders who last after this change will be the ones who replaced an external rule with an internal one.
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Stick to the process. Even if it takes 53 years. Congrats to the Knicks! Champions!
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Every trader has watched themselves do something they swore they'd never do again. Moved the stop. Sized up to get it back. Held the winner till it wasn't one. Five protocols that interrupt that, in one playbook Trade Calm Playbook, free for a few days tradequillo.com/playbook
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For 25 years the pattern day trader rule did part of your risk management for you. Under $25k, it capped your day trades. As of June 4, it is gone. The guardrail you resented was also protecting you. Now the discipline is yours to supply.
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The rule is gone. The job it was doing is now yours. That is not a loss. It is the moment you find out whether you were waiting on $25k, or waiting on yourself.
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PM wrap. The 3:15 map said 7400 was the floor and 7528 the air. SPX closed 7431. Floor held, air untouched. NDX same story, 29430 held, closed 29636. A 45 minute old map passing is a baseline, not a banner. Buyers took Friday on Iran deal hopes. VIX 17.7. #ES_F
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SpaceX was the test. 167 when we posted, closed near 161. Still up 19% from the 135 print, but the last hour chasers are red into a weekend. Demand was real. Edge is a different thing. Loud week ahead: FOMC Wednesday, witching Thursday, closed Friday. Size for that one.
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