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Strategies & Market Trends : Moufassa's Lair

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To: moufassa7 who wrote (260)	9/26/2001 3:03:21 PM
From: Silver_Bullet	Read Replies (2) of 13660

What a beauty that short on PDLI @ 44.10 today was...in my short term (daytrading Account) Also sold my BBH from 103 @ 106... in my longerterm hold overnight account Message 16392260 I guess the SEC has made the difference between short term and long term.. short term is less than 1 trading day and longterm is a hold overnight.. ROFLMAO The difference, you have to maintain 25K in a short term (daytrading) account and it can't be an IRA. A pattern Day trader is defined as follows: If you day trade 4 or more times in 5 business days within a single account, you are a Pattern Day Trader. What the heck is this supposed to accomplish. Keeping people away from the makets so they continue to go down? For the markets to go up we need interest and that means we need more players not less. By restricting the access to the markets, and limiting the type of trades the average person can make they are inflicting much more damage than a stupid short sale rule ever will. mytrack.com FT EDIT: if your IRA qualifies as a Daytrading account you will be forced to close it... What a bunch of bull.

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