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

To: Wayners who wrote (2059)	2/12/2000 3:52:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 2120

Wayne, They are in this together. Here is the NASD version. nasdr.com (with a PDF link) nasdr.com (text version) The 4x is part of this proposed rule change. It's up to the broker wether buying power applies to the total purchases for each day, or to the largest open position of the day in a margin account. As for grandfathering existing accounts, I wouldn't bet on it. I have a feeling that a primary motivation for the rule change is to reduce the number of trades that must be handled by the Nasdaq system. We all know they cannot keep up with it now (the late data in the morning syndrome). What better way to reduce the load than to protect the small investor from himself by taking away his trading privileges. Dan