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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (2046)	2/8/2000 10:44:00 PM
From: Ken Wolff	Read Replies (1) \| Respond to of 2120

Hello Traders, Sorry I have not been around much lately, and hope to revitalize this thread soon. I am sending this request out the traders on the SI Thread because we need help in fighting the NYSE/NASD proposed margin rule. For those of you who dont know, the NYSE already filed with the SEC which changes the equity requirements for daytraders to trade on margin. The current rule requires daytraders to have a minimum equity in their accounts of 2k, the new proposed rule raises it up to 25K. If you do not have a minimum of 25K in your account, you will not be able to trade on margin. The NASD is also proposing a change very similar to the NYSE rule. The comment period ends on 15 Feb. We have some interest by CNN to help us voice our opinions on this issue, but what we need is someone willing to allow a CNN crew to come into your house during the trading day and ask you a few questions about your opinion of this proposed rule and how it will affect you. They are trying to put a face and real person behind the folks that this has impact. There are only three requirements; 1. You must live in the NE part of the US 2. Your portfolio must be under 25K 3. You must be willing to do the interview. The interview will take place later this week or early next week. So far I have no takers. This issue has impact on all traders. If you want to learn more about this issue, go to www.mtrader.com and click on the SEC update Icon. If you are willing to be interviewed AND you meet the three requirements, please send an email to info@mtrader.com. We need to give a name to CNN by 0900 PST this Wednesday (tomorrow) or they will turn the story off. If you are interested in stepping up to the plate and help us fight this issue, contact us ASAP. Thanks Ken Wolff www.mtrader.com