New Margin requirements Message Board

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Strategies & Market Trends : New Margin requirements

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To: H-Man who wrote (4)	12/12/1999 7:12:00 PM
From: Shoot1st	Read Replies (1) of 20

When I started a few years back..I didn't know day trading existed. I bought some stock..it went up....and I sold it...then I caught hell from my broker/dealer....I held a ser 7 at the time. My account started with $60,000 went to low 6 figures and then...I bought "Green Acres" aka the money pit......slowly the account dropped in value...but the home tripled in value in a years time. At one time I had only a few k left. Today, I trade to re-build the account and to skim a bit of cash. If I have less then $25,000 if/when this takes effect, do I lose my right to life, liberty and the persuit of happiness? Is my business regulated out of existance? Do I borrow on the house? AM I really going to experience less risk and more stability of markets. I don't think so. I smell a legal battle for some folks. 4X margin has been available for some time now if you can find the right place to trade. 10X was available once. I wonder what will happen to the accounts out there that no longer qualify. Maybe people will group together to get some real buying power.....Haaaaaaaaaaaaa. Shootiesaysthissucks

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