pattern day traders going to$75,000 minimum

Discussion in 'Wall St. News' started by zdreg, May 4, 2010.

  1. zdreg

    zdreg

    yes I did it on purpose but still disagree with your conclusion since there is a subset of small traders who are looking for extreme leverage.
    It was quite a ride at 12:1 leverage:D
     
    #11     May 4, 2010
  2. S2007S

    S2007S

    I have never seen so many fucking regulations, at this point its getting pointless to trade these 2x and 3x etfs since the requirements continue to get harder and harder. Its easier for an underage kid to go and buy alcohol with an illegal ID than it is to trade these etfs, what a fucking joke.
     
    #12     May 4, 2010
  3. PatternRec

    PatternRec Guest

    #13     May 4, 2010
  4. zdreg

    zdreg

    as to the tilte you are entitled to your opinion but your advice is not accepted as it is erroneous.

    "Most traders who use leveraged ETFs don’t do so in margin accounts, according to Andy O’Rourke, director of marketing at Newton, Mass.-based Direxion, a purveyor of geared ETFs that mostly offers investors triple the exposure to its underlying indexes."

    this statement would be true even if a large proportion of the volume in ETF leveraged trades were done by prop traders who have access to leverage greatly exceeding the 4:1 leverage allowed public customers.
     
    #14     May 4, 2010
  5. businessstaxes

    businessstaxes Guest

    Goldman Sachs and the SEC decided and the exchange this increase in cash requirement to protect traders NOT!

    What a load of crap..

    they need more cash deposits from traders..traders are drying up...less and less replacements.considering 80% trader attriction




     
    #15     May 4, 2010
  6. businessstaxes

    businessstaxes Guest

    if can't make profit with $20,000 yoiu won't make a profit with $75,000

    teh reason they raised that amount is because that is the average size or the maximum saving people have. these guys have the records and size of all customers. and even have access to your back account via lexus nexus,,these guys know everything about your netwothe etc.

    the min. $25,000 was too small and they want more money.

    it's sucking people dryof their savings just to daytrade. 80% of the money don't leave walls street black hole.

    the gov't is stuck with their money in the wall street black hole.

     
    #16     May 4, 2010
  7. any futures regulations in the pipeline?
     
    #17     May 4, 2010

  8. +1
     
    #18     May 4, 2010
  9. zdreg

    zdreg

    wait till they pass a financial transaction tax. there are some clueless individuals who don't know how often they turn over their portfolios and how the tax will decimate their capital. those people will learn the hard way.
     
    #19     May 4, 2010
  10. businessstaxes

    businessstaxes Guest

    the retail daytraders trading these ETF must be making too much money trading these ETF at the market makers expense.

    basically you have to have $75,000 or $80,000 just to earn an income of $120,000.

    it's like buying a job.

    $80,000 cash stuck in wall street just to daytrade and privellege of daytrading.

     
    #20     May 4, 2010