Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (126192)	9/28/2001 12:30:26 PM
From: yard_man	Respond to of 436258

Regarding daytrading classification and margin -- goes into effect today -- counting starts Mon. Part only applies to accounts less than 25k -- one part that doesn't is you can't trade more than 4 times your equity in one day ... Confusion on the boards -- was that you couldn't use margin at all in accounts less than 25k after today -- that is incorrect. But if you are classified as a pattern daytrader you cannot -- to get this classification you have to do 4 daily in-and-outs -- within 5 business days -- once classified as such you are always such. I have one account that has less than 25k in it -- but the rule isn't a problem for me as I simply don't do that in and out stuff in the same day.