Yesterday was PDT Liberation Day. What, exactly, does that mean for you?
Now, when it comes to using margin responsibly, and the market environment that I expect because of this change… Head over to the StocksToTrade YouTube channel and watch this video. I spent 45 minutes breaking it all down in a very structured way.
So, this is just a brief message that I hope helps you to get into the right mindset…
WARNING: Watch this BEFORE the SpaceX IPO next week
Table of Contents
The Big Picture
First, let me just say straight up that the PDT rule was one of the dumbest rules in the history of Mankind. The government should not be able to tell you what to do with your own money.
Now, I get it that a lot of you are excited because you’ve been trapped under the PDT. I haven’t ever had to deal with it personally. But I get that the PDT would be frustrating. So, I’m happy for you.
All I would say is to keep this in mind…
The #1 Fallacy Related to the PDT
A lot of new traders think that being able to trade 100 times a day is somehow going to fix a flawed strategy or a flawed trading plan.
First, remember that everyone struggles in the beginning. It doesn’t matter if you started with $1,000 and could only take three day trades a week, or $30,000 so you’d have $5k over the PDT to work with.
Nobody wins 100% of the time. In the beginning you’re going to lose more often. And those who do start great, get smacked in the face when the market shifts.
So, now that you are free to trade without the PDT hanging over you, before you go hog wild…
Just make sure you do the following…
- Test strategies
- Track your data
- Find a consistently repeatable strategy
Being able to trade more isn’t going to fix anything if you’re not doing the above.
My Take
If you’re only winning one out of five trades, how is being able to trade more going to fix that leak in the boat?
So, address the leak in the boat first by testing, tracking, trading small, experimenting, and tweaking. Keep doing that until you find something that consistently works for YOU.
THEN put the pedal to the metal. But not before.
Watchlist
Foxx Development Holdings Inc. (NASDAQ: FOXX) ran big after-hours on June 3 because it’s part of the Qualcomm Partner Network. You can’t make this stuff up. Welcome to penny stocks.
FOXX, 3 June after-hours to 4 June 2026
Now, a little perspective here. The main reason FOXX started to move is price action and volume.
The so-called “news” was mostly retail pumping it on X, pointing to the FOXX page on the Qualcomm website. There are 525 companies listed as partners there. So, it doesn’t mean a whole lot.
That said, FOXX was my top premarket pick yesterday. Remember, trade ‘em, don’t date ‘em. If it keeps trading sideways we could see another leg up.
On My Radar
- AI isn’t just GPUs and frontier models: optics, networking, servers, cooling, software, power. The theme is spreading so start looking for sympathy plays now.
- Supersonic flight without the boom. Can’t wait to hear the X-59’s thump.
- “Toto, I have a feeling we’re not in Kansas anymore.”