DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (12854)	5/3/2001 11:42:37 PM
From: Apakhabar	Read Replies (2) of 18137

I can't fathom how being classified as a PDT would preclude traders from trading as many times as they wished if not on margin. The rule has to mean you need 25k to qualify for margin, not to simply be allowed to have an account. Personally I don't think it will be the end of the world for anyone. The vast majority of traders with less than 25k are going to be beginners, and not being able to trade using margin might actually help them preserve their capital while they're learning. As for the businesses run by contributors here, I doubt they will be affected. For every customer you lose because he couldn't maintain an account, you might keep one because he didn't blow out his account through a margin call.

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