Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: LastShadow who wrote (4106)	11/26/1997 9:28:00 PM
From: UC Slug	Read Replies (2) of 120523

Hi Last, Happy Thanksgiving to you and everyone else. I am certainly looking forward to the vacation. To anyone who can answer this question: What is a New York Surplus? Those of you that are daytraders are you limited to the amount money that you can trade in a day? Say that you have $10,000 ($20,000 margined) can you only trade 40,000 dollars in a day. According to my broker you can not buy and sell stock during a trading day even when the trade has been completely paid for more tan double your current assests. In other words, if I have $10,000 ($20,000 margin) in the account I can only make two trades of $20,000 on margin in a day. These trades are a completed trade, meaning that the stock was bought and sold, before another trade was executed. Is this true for everyone, or am I getting the run around. I have traded like this for years with the same brokerage house and now they tell me I can't. Moreover, they state that it could never or can never be done. I trade with DLJ. Any help is appreciated Have a great holiday, Jim

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