SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Final Frontier - Online Remote Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ira Player who wrote (11274)6/5/2004 5:01:14 PM
From: TheStockStalker  Read Replies (1) of 12617
 
I think what you said makes sense in a black and white and engineering kind of way. But for those of us in the business (full time trader 5 years from engineering background, career previously) I can tell you that this newer way to interpret existing rules is nothing more than an attempt to keep smaller accounts from being day traded. An extension of the pattern day trading rule set if you will. If it were really just an issue of credit,i.e. who has it and who does not, we would be talking more about FICO scores in setting up margin accounts and such. The reality is that the credit offered in a margin account, nowhere near offsets the capital being used in day trading or even overnight trading a cash account within the settlement period of those trades. If you really want to be literal about it, the math just does not add up and therefore the whole theory is not valid.

I personally never really cared but now have to since I also swing trade a 401k acct (a cash account) and even though it is bigger than the 25k needed to be a day trading account, it will always remain a cash acct since it is a 401k. So I guess I can feel happy the rules protect me from the evils of shorting and actively trading it now as a result of this re-interpretation of rules.

Oz

Puleez no stump talk bout my trading a 401k acct!!!! Was most active in the bear and results are tremendous so lets not go there!!!!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News