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Strategies & Market Trends : DAYTRADING Fundamentals
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To: shneed who wrote (10032)9/2/2000 2:08:26 PM
From: Wayners  Read Replies (1) of 18137
 
OZ is right. Those are the rules. It really doesn't make sense but those are the rules. From a logic only standpoint, I find it funny that one can reuse funds from a daytrade sale the same day but you can't reuse funds from an overniter the same day. Makes me wonder what risks they're trying to avoid here. You would think the rules would be written to lower brokerage risk but they don't. The risk is the SAME for both situations, yet they differentiate between the two. The brokerages only risk: the opposite side of the trade renegs on the trade due to insolvency.
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