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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (6726)	1/30/2000 5:57:00 PM
From: Dan Clark	Read Replies (1) \| Respond to of 18137

Tai, As I stated earlier, I think that the underlying purpose has nothing to do with protecting new traders and everything to do with limiting daytrader's options. And yes, I believe a major option that will be limited is shorting! I might go so far as to say that the underlying purpose has almost nothing to do with margin! Limiting margin is just a means to an end. If the "business" can define people as "pattern day traders" and place special rules on them, they can do it again in the future. Let's say that next rule is simple - you must have over $1,000,000 in your account to use margin and short stocks! You obviously have more the $250K in your account. (I don't.) Do you have over a million? How about 10 million? There is nothing sacred about the $25,000 limit. Now are you nervous? Regards, Dan.