Welcome to another episode of The Chicks on the Right podcast where we talk to our friend and sponsor of the show, Zach Abraham from Bullwork Capital Management.

And we're going to talk about something today, which admittedly I know very little about because I'm not a day trader.

But I know a lot of people are into that sort of thing. And apparently there's just been a recent rules change that the SEC made where they have eliminated this pattern day trader designation, which means that you no longer have to have 25 grand as a minimum equity requirement for day trading.

And so that's ostensibly something that will help entice more small, like smaller investors

into day trading, I guess.

But is this, is this a good thing?

I'm sure you know a lot about day trading and maybe you can enlighten us on what this all means.

Yeah.

So personally, and I have not looked into the legislation intimately, but I feel like

that's almost like a tip of the cap, if you will, to the asset management industry,

just because when you look at,

when you look at the type of access people have

to things that they can find on Kalshi now, right?

Betting markets,

the leverage you can access in some of those different apps,

the leverage that's very easy to access on Robin Hood.

You like I think that it only makes sense that they kind of lowered some of those

requirements. Is it a good thing? Look, I'm a big believer that I think the more freer

markets are, the better they are. However, a big part of a market functioning properly is caveat mTOR, right, buyer beware.

Meaning, I think market, I don't think, I know, I think markets work best when there is

less regulation and more consequence, right? I think that people act more rationally.

And I think it is much easier to make somebody responsible for their own financial well-being.

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