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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (89535)	3/21/2000 4:42:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Since I don't use margin I don't care. I agree to disclosure for protection of the daytrader. I would also think that $50,000 is about right, 250k you can do great, but $500k is optimal.. Anything below $10,000 is not enough and above $500k you really need to be sure of your broker. I have a friend who trades a 800k account and makes about 17k a day (part time) with about 4 trades a day and another who makes about 5-10k a day and trades a 125k account and makes about 10 to 20 trades a day so although one is obviously more adroit than the other, I would not 'discount' the profits of the daytrader who uses more funds to avoid having to be fused at the eyeball to his computer screen. I'm just wondering about the retired SEC attorney and state senator from Florida who are Market Gems subscribers. I wonder how they voted?

To: lee kramer who wrote (89535)	3/21/2000 5:35:00 PM
From: Doug Robinson	Read Replies (2) \| Respond to of 120523

Lee, as you know, I'm all for measures that increase the minimum. I talked with several brokers in the past few days and lot's of the small tech players were getting margin calls. Most of them didn't have the cash to cover and were forced to sell their limited positions, just to meet the call. Why the heck they were buying on margin at those high levels without having any stops in place is beyond me. IMHO, if one is trading and hasn't been able to make $50K in the past year, they probably don't have the ability to trade on margin. If they think they are good enough and can prove it, they shouldn't have any problem getting a loan from the local bank, or from friends <gg>. Seriously, the requirement "that an the individual must provide further evidence that outweighs the inadequate capital risk" would allow those without the capital to be able to trade assuming they could meet it.