Recent content by Vinnie

I agree it was and is our responsibility to be fully aware that this rule was brought up almost a year ago, but I have been a member of a highly respect trading room for almost 6 months and it was not until less than 2months ago, that someone started chatting about it. Not until i started...

Thanks traderx21, i kind of figured that a lawsuit would be totally unfeasible, i more less wanted to at least get a discussion going on it. Maybe if someone would do it pro bono (lol). Anyway, you are right, the ramifications of this new rule go a lot further than just margin buying power...

Hi, Setting up a partnership sounds like a good idea, with regard to self employment tax, there is tons of information about mark to market and all that good stuff on a lot of websites, i am pretty sure that you would have to do mark to market in order to avoid the tax, but double check that...

I know that is kind of a stupid question, however, with this new margin rule, it is all over for me. I will be unable to raise the funds required nor will i be able to produce any income with the new rule. With under 25k, no margin at all, no shorting, and you can't even trade with cash...

Regarding the new NASD rule, well at least IB finally posted some information about the new rule, although it is still unclear. I started day trading back in May and like many others in this extremely tough market, i have paid my tuition and taken my losses, yet I am getting better...