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

To: aldrums who wrote (12853)5/3/2001 7:13:14 PM
From: TraderAlan  Read Replies (4) | Respond to of 18137
 
Aldrums,

You could be right. I've heard it both ways. What is the consensus?

BTW Rogan and I had a long conversation yesterday. I don't want to speak for him but believe I'm safe in saying we both agree this will kill growth in that industry, from B/Ds to software to web sites. It's the plankton theory I'm operating on. Eliminate the source of the large accounts (small accounts) and the dominoes fall.

Alan



To: aldrums who wrote (12853)5/5/2001 7:00:46 PM
From: KM  Respond to of 18137
 
I hate to sound dumb but is a "day trade" under these rules a trade that is opened and closed the same day? If a person were to buy or short and hold overnight before liquidating more than 4 times a week but does not exceed that number of trades opened and closed the same day, is he or she also a "pattern day trader?" Thanks.

P.S. I just read Dan's post and I have my answer.


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