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

To: KymarFye who wrote (12234)	3/9/2001 10:08:56 PM
From: aldrums	Read Replies (3) \| Respond to of 18137

Heck, the idea of doubling my overall leverage has got me thinking about hiring an assistant Kymar, Maybe you can hire me, beacause I will be sh*t out of luck if this rule is enforced. I don't think it is the SEC's right to limit the type of investing/trading I want to do, as long as I am willing to risk my money to do it. In, fact it is unethical and un-American. It's common knowledge that most businesses fail within a year or so of startup. Can you imagine a law being passed that says you can't start your own business unless you have a minimum amount of money? Although it is preferable to be well capitalized with any business startup there is no way that the Soviets...er I mean U.S. government should decide what it is. I think the 4x margin is great, let's keep that and dump this ridiculous minimum amount. Geez, looks like I might have to get a job as a proprietary trader if I want to trade. This is really a shock to me. I thought the SEC had thrown out this rule and it was not being considered. Does anyone know if this effects the CME? Regards, Alex