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

To: exdaytrader76 who wrote (12256)3/10/2001 9:33:12 AM
From: LPS5  Read Replies (1) | Respond to of 18137
 
It seems so contradictory - if you have $24K you are a helpless amateur that we must protect, $25K and you suddenly become so competent that we give you quadruple margin.

I see what you're saying - but logically, whether the minimum equity number was 5K, 10K, or 50K, etc., that could be said about minimum equity requirement x minus $1 or more.

LPS5



To: exdaytrader76 who wrote (12256)3/10/2001 1:15:22 PM
From: Allan C.  Read Replies (1) | Respond to of 18137
 
"In 19 months of observing:
1 client wiped out by day trading. It took almost a year to lose about $60K.
20-30 clients wiped out by holding long positions - usually one over a few weeks"

How many made money or broke even? I just wonder how the 80% failure statistic holds up.


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