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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: speedbot who wrote (723)	9/6/2001 8:56:55 AM
From: Threei	Read Replies (2) \| Respond to of 867

Hi Steve! No, you are not the only one... To me this looks like terrible mistake originated in the times when day trading was damned by media as a reason for market run up, market crash, market volatility, office shooting, tsunami, earthquake and domestic violence in South Africa. Even at those times of euphoria this looked not smart, let alone now when brokers take hard hit and industry is not in best shape. Being former Soviet citizen I don't buy "protect you from yourself" reasoning - I saw what it leads to. Vadym

To: speedbot who wrote (723)	9/6/2001 7:36:46 PM
From: chris-	Read Replies (1) \| Respond to of 867

Hi speedbot, As you have already read, none of us can figure out the logic or the intent, as the rules seem to not take into account the full picture. I guess the most difficult part of this has been in trying to figure out how they could have missed some major points with this new rule, and not adjusted the rule to alleviate some of the issues that result out of this. I don't much care about the margin issue. It's their right to loan margin or not. The 25K is a bit disheartening and the application of this by some brokers has been a bit stringent as well. But from this "beating the head against the wall because I have no control" phase to my current phase which is I accepted its coming and I look forward to seeing how it changes the landscape, I can say this with confidence: I don't agree with the rules as I view them, but I'm not in a position to change them. I voiced concern during the comment period and it wasn't enough. So I must adapt to the new situation and move on whether its what I wanted or not. I say this with sincerity understand. I know how it hurts the smaller trader that has a desire to trade and no longer can. It's just one of those things that disgust you, but you just accept it until you find a way to change it or someone else does. Larisa, who I work with everyday, said something that stuck with me: Don't get frustrated over things you can't control or change. This mindset has allowed me to move on and see what the next step in the trading landscape has to offer those of us that will still be here after September 28. For those that won't, I know it sucks and I wish it didn't happen. I hope life leads you to better things. For those that are, let's stay disciplined with increased buying power and continue our consistency. Respectfully, Chris