Sammybea; if you love it that's fine. The rule does not affect me but I have to ask the question. What gives you the right to decide who trades what, when or how or determine other people's "needs" ? That said, I agree that it's best to increase your working capital and a job seems to be a good way to do that. The markets need to be more democratic, not less.
Good point.. nothing gives me the right to determine for others. But if anyone thinks the markets are democratic by any means, i could sell them a bridge. I think this is one rule that benefits retail investors, but then again, there are many that don't. I would gladly oppose this rule if others were axed as well.
Yeah I'd just like to see some of the older rules enforced. Especially backing away from posted quotes.
Free markets for free men. The SEC has co-opted American virtues repeatedly. If I wanted someone looking over my shoulder I'd live in Europe. Fuck the SEC and double fuck the United States Federal Government.
Special interest groups are at their dirty f8cking lobby work again! Stop them before they stops the freedom!
You have no concept of what a 'RIGHT' is. so use a different word. And I'm going to have to agree with Harry on this one. The way people think in this country is F'ed up, so there really is no point in playing their asinine game of politics because you can't win an argument against an irrational person who has accepted an irrational philosophy and who is a mystic(someone who doesn't require proof to believe something but relies on other and other's arguments). What is needed is an argument against their philosophy and their inability to understand what made this country different from all of the societies before it: recognition of man's rights.
sammy, it's people like you that make the stupid politicians think they're doing the right thing. I think your post is arrogant and at best idiotic. Increasing the PDT rule to 50K will not deter someone from going on a rampage and killing other people, and setting a $ figure on someone's account does not mean the trader is a better trader if he/she can come up with the money. By saying you "personally LOVE the PDT rule" only means that your arrogance comes from your selfish mentality, and you say that only because it apparently does not effect YOU. You remind me of the people in Washington who stood and pumped gas while that person was being shot and didn't try to help.