Lithium Technology Corporation (LTHUQ)

[malice1]

Interesting observation...


Timothy Sykes (Image credit: Millionaire Media, LLC)

Sykes compared the panic about this rule change to the misunderstanding of the pattern day trader rule and how that impacts traders.

“If you’re ever worried about the future, guess what, the answer is hidden in the past,” he says. “The more you study the past, the less concerned about the future you’ll be and you’ll simply react instead of trying to predict.”

Sykes says all the government is trying to do is protect traders from exposing themselves to unnecessary risk.

“Over 90% of traders lose. The government is trying to save the dumb, ignorant, irresponsible newbies from themselves. This is another new rule trying to keep people from investing in the worst of the worst companies. More plays, less plays, I just take it one day at a time. Again, stop worrying and go study.”