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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: supertip who wrote (8798)	3/9/2001 7:58:43 AM
From: TFF	Read Replies (1) \| Respond to of 12617

Should be interesting to watch the brokers try to administer that rule. The fine print of that rule should be fascinating.

To: supertip who wrote (8798)	3/9/2001 6:04:15 PM
From: Jon Tara	Read Replies (1) \| Respond to of 12617

This rule is going to classify MOST investors as day-traders. Who - particularly when getting started - hasn't traded 4 round trips in a 5-day period? Watch tens of thousands of accounts re-classified as "day-trading" when some unexpected news - war, etc - hits and people second-guess the decisions they'd made a few days earlier. I dunno what the effect is going to be - to deny access to the markets to people with only a few thousand dollars to put into the market, or to cause those people to stick their necks out and borrow money to meet the requirement.