Busy thread! Will a swing trader that trades via options to negate the potential scenario depicted by SniperTrader have a chance in going unnoticed if the stops are hit and other trades are put back on? Does the vehicle used to trade get you out of any of this mess? TIA -Hoyler
Letâs get crazy and carry this thing a little further. Here is an idea for Big Brother, why not arbitrarily decide that no person can gamble in a casino unless they have a minimum of $1,000 on him or her. We have decided that folks with $1,000 or more are smart and sophisticated people who enjoy casino âgamingâ. Those with less than $1,000 are degenerate, compulsive gamblers who need rules and regulation. They should not been given an even break or opportunity to win or lose. How about no new business ventures on shoe string budgets, no entrepeneurship, no rags to riches, no land of opportunity.
Hoyler....it is my understanding that futures are not subject to this new rule. Can someone comment on this? Also, maybe someone can clarify if options trading is covered as well.
As previously stated in this thread, futures are not regulated by this rule, as the SEC has no jurisdiction over futures. I believe that options, however, are covered by the rule, as they are derivatives of securities. SEC does have jurisdiction there.
"We have decided that folks with $1,000 or more are smart and sophisticated people who enjoy casino âgamingâ. Those with less than $1,000 are degenerate, compulsive gamblers who need rules and regulation. They should not been given an even break or opportunity to win or lose. How about no new business ventures on shoe string budgets, no entrepeneurship, no rags to riches, no land of opportunity." -couldnt have said it better myself!
America is becoming socialistic and democtratic country. Being formerly from Russia, I don't find this exiting at all. Why don't they just put price caps on starting your own buisiness, etc. I don't know if anyone paid attention, but doesn't this sound as a rather legal issue, discrimination against people with account under 25K?
It absolutely is discrimination, but the financial markets are the institutions' world, and we individual traders are just living in it. Unfortunately, this is a microcosm of the political world, where those who have the most money have the largest say in what happens and what rules get made to favor their interests. The institutions and market makers are tired of the daytraders taking away their spreads and easy money, and have decided to use their collective influence to get the SEC to create a new rule that will filter out a lot of those whom they consider to be nuisances.
Being originally from Eastern Europe I hate this kind of things like everybody at this forum, but I do not think it's a big deal in a long run. I do not believe they can meddle with financial systems as much as they would like to. In Germany they are eliminating capital gains taxes next year. Why? Because German politicians wised up? In my opinion they have no choice.If they want to be competetive they must do it. Excelent book on this subject is "Capital Market Revolution" by Patrick Young.