Death Blow to DayTraders

Discussion in 'Trading' started by greydeath101, Mar 9, 2001.

  1. tymjr

    tymjr

    I applaud your honesty and dedication, but, Kiddo, you’ve got a lot to learn about life. How you choose to judge other traders is your choice. Passing off your prejudices as reality is just flat out unfair to you and to others.
     
    #91     Jul 18, 2001
  2. Tailspin

    Tailspin

    Alex,
    Thanks for the reply to my post. From what I understand of the ruling though, I think it limits you to 4 round turns in a 5day period, not just 4 trades. You still need to watch the weekend straddle days though, because thursday til wednesday I think will be considered a 5day span.
    I hope you are right about the ruling not affecting my cash account. I'm just crossing my fingers in the hopes that IB won't restrict it for some related reason. I've started dabbling in swingtrading with some success recently. I figure I'll adapt no matter what those crazy beaurocrats throw at us! Good luck with your trading.
    Tailspin
     
    #92     Jul 18, 2001