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

To: chris- who wrote (12863)5/4/2001 1:36:35 PM
From: Robert O  Respond to of 18137
 
re: They should have a grandfather clause...traders that have traded for "x" years or "are" trading by "x" date will not be subject to new rules..

In a sense the application for margin tries currently to do just that, i.e., determines your level of experience and 'allows' you to trade more and more sophisticated viz. leveraged securities if your responses display the right level of acumen.

RO



To: chris- who wrote (12863)5/5/2001 7:04:01 PM
From: KM  Respond to of 18137
 
I totally agree. In 1999, I had most of my money tied up in one stock which I was holding for months and supported myself scalping with a $17,000 account. I'm doing that again this year with a slightly larger account.

If you can prove that you can do it with less, they ought to let you.


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