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

To: TraderAlan who wrote (13315)7/7/2001 11:57:28 PM
From: Mark Davis  Respond to of 18137
 
Well, I know people that day trade IRA's actively for a while now, and they haven't been busted yet. Won't say with who, for obvious reasons.

For the record , both Etrade and Schwab have told me in the past that the practice was ok with them. Who knows what the policy is now, it may have changed.



To: TraderAlan who wrote (13315)7/8/2001 1:17:38 AM
From: Apakhabar  Read Replies (2) | Respond to of 18137
 
Alan,

Am I right to infer that the 4x buying power for "qualified" PDTs means that somebody, for example, with a $50,000 account can make trades that total far more than $200,000 in a day as long as that trader's open positions never exceed $200,000?


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