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

To: Dan Duchardt who wrote (13336)7/8/2001 4:48:53 PM
From: TheStockStalker  Read Replies (1) | Respond to of 18137
 
As usual Dan, you have found and quoted the right rules.
Though not related to the point you are making I might ad
that the A. and B. exceptions you quoted will be eliminated
under the new margin rules. This is way overdue and helps
simplify overnight margin rules and potential problems of
accumulated trading calls because of them.

PDT



To: Dan Duchardt who wrote (13336)7/8/2001 5:17:50 PM
From: TheStockStalker  Respond to of 18137
 
Actually the A. and B. exceptions are their examples for the new rules I was talking about but IMO a very confusing way to say what I was trying to state. Which was that one cannot incur a "Day Trade" by closing a position opened the day before anymore and that is a big improvement.

PDT



To: Dan Duchardt who wrote (13336)7/8/2001 10:02:56 PM
From: Mark Davis  Read Replies (1) | Respond to of 18137
 
"2) As far as I can tell, the only rules about activity in a cash account are those in Reg-T, which states very clearly that one can never use the proceeds of a sale of securities to cover the cost of purchasing those same securities "

Are you saying that in a cash/IRA acct, you could not trade for example MSFT 5 times in a day, using the full buying power of the account each time? And how would the broker keep track of this in realtime?


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