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New Restrictions for trading accounts

Discussion in 'Trading' started by tradeplay, Oct 1, 2003.

tradeplay
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It very much effects PDF traders. Now go take a course in anger management, Ebo.

#11 Oct 1, 2003

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TM_Direct
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Quote from tradeplay:

I'll try and make this simple. The new rule is if you violate the current PDT restrictions, you cannot BUY another security in that account for 90 days.
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Uhmmmm...that is already used by several firms ...Including IB...I think Schwab mught just be bringing their house rules up to snuff with the rest of the industry.

#12 Oct 1, 2003

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tradeplay
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Thank you moderator.

#13 Oct 1, 2003

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Ebo
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#14 Oct 1, 2003

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Ninja
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Quote from tradeplay:

I'll try and make this simple. The new rule is if you violate the current PDT restrictions, you cannot BUY another security in that account for 90 days.
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Nothing new...

#15 Oct 1, 2003

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Ninja
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Quote from TM_Direct:

Uhmmmm...that is already used by several firms ...Including IB...I think Schwab mught just be bringing their house rules up to snuff with the rest of the industry.
More...

Yes, same rules for all.

#16 Oct 1, 2003

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