Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: wanmore who wrote (45049)	12/12/1999 10:25:00 PM
From: NickSE	Read Replies (1) of 94695

Here are some details on the margin restrictions. IMO, its really not the news its made out to be by the press since the new requirements will apply to an extremely small segment of the investing public. NYSE, Nasdaq will ask SEC to approve new day-trading margin rules cnnfn.com Under the proposal, investors "who engage in a pattern of day trading” would be required to keep $25,000 in their account at all times to trade on margin, the process of trading stocks on borrowed money. The minimum balance in a margin account for other investors is $2,000... ...The new rules also define day traders more specifically. The NYSE and NASD both will define a pattern of day trading as making FOUR OR MORE day trades, defined as buying and selling the SAME STOCK, within FIVE business days in an account. Though the proposed rules toughen some requirements for day traders using margin, they liberalize the amount of money a day trader can borrow on margin. The "buying power” for a day trading margin account will increase from 2:1 to 4:1... I believe they will only restrict those with less that $25K in the account. They will give you 25% margin requirements rather than 50% if you meet the $25K standard.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next