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

To: LPS5 who wrote (12257)	3/10/2001 10:12:37 AM
From: exdaytrader76	Read Replies (1) \| Respond to of 18137

Point taken. The $25K is very approximately an average or maybe median account size that a typical aspiring amateur day trader has to start with - from what I have seen in my very limited experience. Do you have any other references about the ruling? Implementation dates? sec.gov has nothing I can find. Lots of "how we caught the bad guy" but nothing about margin changes. I wonder about the software bugs this will cause - some retail trading front-ends may not handle the changes well. Tracking an account as it fluctuates around 25k day by day and allowing margin trading on the correct days will be a task. Clearing firms might be more strict - up the 25k to 50K - to make the enforcement easier for them and to lessen the worry of giving margin to incorrect accounts. What a mess.