Recent content by tradeplay

Have been using Scottrade for about a year now after leaving E-Trade and have found them more than adequate for swing trading. However, I don't see much advantage in using their Elite trading.

Thanks for the clarification.

Would an option on the same underlying security or index but with a different strike price or expiration month avoid a wash sale ? I haven't been able to get an answer on this.

Thank you moderator.

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

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.

Ebo, whats your problem?

The purpose of my post was just to see if anyone else had heard about the changes. I told where I read it. It's up to you to either consider it or ignore. I don't need to "back up."

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Read the message board on Yahoo finance for Schwab (SCH). There's quite a long discussion on it.

The current PDT rules apply to cash accounts. The rules are changing for margin accounts with less than $25K. This is according to Schwab and E trade.

I recently read on another message board that there are new trading restrictions that will become effective in the next 30 to 60 days. Specifically, they will be addressing the 4 daytrades in 5 days rule. It is a big disadvantage when you hold a stock overnite just to avoid a day-trade round...

If you'll look back, I never asked if anyone heard of the firm, never asked where I can get low rates or if anyone offers such and such. Unlike a "retail" trader like yourself, I have been trading "proprietary" since 2001. I was merely asking for experiences with the firm. Since you have no...

From what I've read elsewhere on Elite Trader, ETG has a very low payout and requires you to sign a two or three year contract. Any comments or experiences?