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

To: KymarFye who wrote (13325)	7/8/2001 4:09:11 PM
From: TheStockStalker	Respond to of 18137

Rather than getting "wiped out," wouldn't the worst that would happen to a trader be forced closure of positions (if necessary) and suspension of trading activity until everything's sorted out - until, for instance, all trades are cleared, if not earlier? Under the current rules you get a few strikes and then the brokerage has to close your account and you go somewhere else. Under the new rules I forget how many strikes it is but it is less than currently allowed and maybe even only one time but I forget since it does no apply to my situation. And yes, all it really means is that your account gets closed if you do not meet the margin. Wiped out was a poor choice of words on my part but in effect one would put their self out of the game if they did it at multiple places and kept getting the boot. Thrown out was perhaps the term to use. PDT