Congrats to Tim Sykes, now out from under the PDT Rules! I’ve been rooting for him since he announced his goal to turn $12k into millions a second time. This time, he plans to do it in public, with all his trades out in the open. It sounded like a cool idea, and an excellent response to all trolls attacking him on elitetrader and elsewhere. Anyway, it seems like it’s going well, and I’m especially curious to see what happens next, now that he’s over the $25k SEC line in the sand for day traders.
Of course… I’d imagine when you are just past the $25k mark it is a really dangerous time… a relatively small drawdown once you become a pattern day trader could freeze your account, right? Maybe he should wait until he’s built up more of a buffer before trading at full speed…
