Wednesday 29th August The day started well, with the market breaking to the downside and through prior day support. Subsequently, volume died...
Before starting the thread properly, I would like to make a few comments on the state of play with the new SEC margin rules. I am concerned...
I am back on this forum under the thread: Trading Conditions. I sincerely hope that this site henceforth remains free of hackers and...
CURRENT LIST OF MEMBERS WHO I SUGGEST SERIOUS PARTICIPANTS MAY WISH TO IGNORE AT THEIR OWN DISCRETION: 1) mistermark 2) shortnfool (confirmed to...
The answer is here: http://www.geocities.com/rangecontraction/ UPDATE: The answer is no longer in the above link. I have returned to...
Chris Farrell (a keen proponent of daytrading on the NYSE rather than on Nasdaq) has a similar strategy in his book "The Day Trader's Survival...
IB, as of today, has the following answers in its FAQS. 1) Will IB provide 4-1 margining? No, IB will continue to require and enforce...
I have both a reclining swivel chair and a bed in my trading room. If I lose composure I swivel towards my TV and turn over from CNBC to a cartoon...
Hitman, Monday was pretty tuff, I guess, for a whole bunch of people. The day was narrow range and low volume (not surprising, being a Monday...
Well said, MichaelDay. I agree with both you and TradeRX on the issue of IB. Unless it is part of IB's hidden agenda to revert back to being a...
I find myself in 100% agreement with TradeRX. IB better wake up and smell the coffee. I will stop trading with IB unless they increase their...
Silvius, I started several years ago with around $20k and was living on McDonald's level earnings for around a year. That original $20k was...
Huby, Yes, I am sure. Rather than me going over old ground (as per MichaelDay's comments), I suggest that you (Huby) phone them and...
Praetorian, No, I haven't read it. Out of curiousity, I simply did a quick amazon search, and it was the only appropriate title that came up.
http://www.amazon.com/exec/obidos/ASIN/9627762644/qid=998847834/sr=2-3/ref=aps_sr_b_1_3/104-6749826-1047144
Once you are marked as a PDT, you must maintain $25,000 or more in your trading account or it will be reverted from MARGIN to CASH status. Once an...
Tradex, I have never said that you can short positions in a cash account. Please inform me which of my statements I said that in. I have never...
1) Cybertrader offers 4:1 margin for people with MARGIN accounts (i.e. people who will be subject to the new $25k SEC regulation). 2)...
Ok guys, let's clear up a few misconceptions about the new rules. Please view: http://www.sec.gov/rules/sro/nd0003n.htm You will see there...
Def, I believe that the "free cash" is the cash in the account not tied up in trades. Once all trades have been closed (I am assuming the user...
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