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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (6917)	8/23/2001 3:29:06 PM
From: Edmond Katonica	Read Replies (1) \| Respond to of 23153

Yes. It is governed by the round trips you make in a day

To: Think4Yourself who wrote (6917)	8/23/2001 3:35:31 PM
From: Tommaso	Read Replies (1) \| Respond to of 23153

I never thought of myself as a day trader but I certainly come well within the definition in the NASDAQ document. I couldn't get the SEC document to come up. Maybe everyone is looking at it. It seems that only traders who close out all their positions by the end of the day can use 25% margin. Sounds like it's really a reining in rather than a loosening up, though, since they were completely flouting the regulation by ending the day flat. The $25,000 requirement seems tied to a pattern of frequent trading. Looks to me as if it would not force cash to be taken out of the market--just small-time traders would have to stop trading more than a couple of times a week. What it might be disastrous for is some discount brokers. What should we short? Anyone got a list of discounters already set up?