"Second, which constitutional right and body of law are you saying is being violated?"
If the right to sell ones property is considered a fundamental right then a case could be made that the regulation violates substantive due process.
Because the regulation is based (IMO) solely on the...
Huh? If an individual with less than $25k in their account opens a position in the morning and an analyst downgrades it a half hour later, the individual would not be able to sell until the following day. That is a restriction on selling, plain and simple and an arbitrary restriction on what...
"I'm not a constitutional lawyer, but I can assure you that there is no fundamental right to day trade. "
But in what is supposed to be a free market the SEC is imposing arbitrary restrictions on when you can sell property you own. I would guess it would be pretty easy to find a judge who...
Best news I've heard in weeks. Any thoughts if IB could/would do this? I realize they're not a prop firm but it would be nice to avoid the hassle of transferring.
truthfultrader
"The new guy with 30k who margins out is the guy really in trouble, not the smaller trader without margin. I see no way to prevent this"
I think that's where the fundamental disagreement occurs, at least for me. In a free market defined by the successes of some and the failure of others why...
How 'bout this? Start a new thread and list a few of your trades in real time. If you have a window already open it should only take but a few seconds. Something like
"Bought NVDA 76.00"
would easily suffice. I would guess that if you found 100 traders who would define their strategy as...