DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: LPS5 who wrote (12950)	5/13/2001 9:50:07 PM
From: Mama Bear	Read Replies (1) of 18137

You simply do not get it. The SROs will require that all brokerage firms, from the smallest daytrading shop to the largest full service broker - treat their accounts that meet certain requirements in a certain way. " No, you simply do not get it. Unless you are calling the folks on this thread who have reported being subject to different rules at different brokers for releasing buying power concerning a name held overnight and sold the next day liars, there is ample evidence that it is occuring. "Where you got the idea that standards would somehow be different from firm to firm " Well, I got it from personal experience (just like shorting Nasdaq Small Cap stocks on a down bid), and from what the folks here have reported. Why not go back to that link you dug up, and reread what was folks were saying about Schwab, Datek, and TD Waterhpouse? Do something at MB Trading and you have to send in a pile of cash to cover the Reg T call or they close your account. Do the exact same thing at TD Waterhouse and it's no problem. Same person, same trade, same trading patterns...but different brokers. Regards, Barb

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