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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER! -- Ignore unavailable to you. Want to Upgrade?

To: David Sirk who wrote (818)	3/14/1999 6:46:00 PM
From: Dan Swartzendruber	Read Replies (1) \| Respond to of 2045

Would I be able to trade OVER $75.000 a day as long as My sells were confirmed? No. This would be free-riding (using the proceeds of a sale that hasn't yet settled to do more trades). Basically, daytrading in a cash account isn't really feasible.

To: David Sirk who wrote (818)	3/14/1999 7:28:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 2045

>>I don't want to open a margin account just a cash account. My goal is to Day trade most likly. 20 times a day. Average trade size 5 thousand and under. Would I be able to trade OVER $75.000 a day as long as My sells were confirmed?<< Actually if you buy and then sell 75000 worth of stuff in a day you have to wait 3-4 days before you get to use the money again. >>Would my cost for these trades be low Under $30 with all the ADD on charges?<< The costs change form like 10-22 something depending on the number of trades. I think their web trades are 19.99