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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Tai Jin who wrote (6715)1/30/2000 4:13:00 PM
From: Richard Estes  Read Replies (2) of 18137
 
People can and will lose money in the stock market no matter how much money they have or how smart they think they are. This rule won't stop that. This rule is to encroach on the daytrader's freedom and to restrict their actions. Accept this one and the next one might hit you.

$25,000? Why not $250,000? Why allow margin at all on a day trade?

The only good thing I have heard is that Greenspan is against it and most Republicans.
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