Search results

def, In layman terms, Reg.T cash account part can be restated: 220.8 (1) Buy any security if (i) you have the cash to buy it OR (ii) you don't have the cash, you can still buy it in "good faith"(with no cash) provided that you deposit the cash before you sell it. Therefore, (ii)...

IRAF, The new daytrading rules allow 4-1 margin for 25k+ accounts, but it's up to each broker to decide whether to offer it or not. Fohat

Yoda, Regulation T allows "daytrades"(purchasing and selling of the same security on the same day) in a cash account, provided that you have the funds before each purchase. Regulation T does NOT prohibit daytrading in a cash account in all cases. That is, regulation T allows hundreds of...

Does anyone use<a href="http://www.tradefreedom.com/trading/trading_fees.html">TradeFreedom</a>- an EDAT broker in Canada, uses PCQuote platform? Commission structure is similar to most daytrading brokers in US: ticket + ECN fee (no fee for ATTN ECN, SOES). I haven't used them, comments are...

GaretJax, By "limited number of technical indicators" I mean that Nextrend has limit on the number of TI(Technical indicators)you can plot on a chart (for most plans up to 3 TI per chart, when you plot the price). There's also limit on the number of windows you can open in a workspace and...

BSAM, I use Nextrend for futures data/charts (very reliable). QQL will offer futures data in the near future. The new Nextrend 3.00a version has improved charting, but still has limited number of symbols, limited number of technical indicators, limited number of pages and limited number...

jaison, I use comstock datafeed through Quicken Quotes Live (qql.quicken.com) and there are no problems whatsoever with naz data feed today. I suggest you ask for refund. But even if you get a refund, Qcharts will not likely honor it (at least it didn't mine). I had constant datafeed...

GaretJax, You can try <a href="http://qql.quicken.com/pricing/">Quicken Quotes Live</a> - very stable datafeed (unlike Qcharts), $54.95/month for unlimited symbols, $19.95/mo for 50 symbols. Another alternative is the free <a href="http://www.medved.net/QuoteTracker/">Medved...

Baron, It'll be nice for every thread to have a number assigned to each post, so that subsequently it'll be much easier to find again a particular post in a thread. This indexing will also open the opportunity for the search function to return the particular post, instead of the...

paceadvantage, The classification as a pattern daytrader is introduced, created and defined in the "new" daytrading margin rules. All other "pattern daytrader" definitions have unofficial status. I also have a Datek account. On May 28, 2001 I received email from Datek about the daytrading...

paceadvantage, Classification as a "pattern daytrader" will begin when the rules take effect, namely on Aug. 27 for NYSE and Sept.28 for Nasdaq. It does not exist (taken effect) yet. The first pattern daytraders will be "born" on Aug.27 after making 4 or more daytrades on NYSE. Fohat

candletrader, To the best of my knowledge, cash accounts allow (do not require) up to 3 day settlement period. There's no rule to force you to settle the trade on the 3rd day only. Therefore, realtime or same day settlement is allowed and possible. The new daytrading rules are actually...

TraderJimR, Don't put words in my mouth. I confirm, that your conjectures of what I COULD have or may have thought go up against the facts, are incorrect and belong to you and your posts and are not shared by me. That's why I'll confirm and repeat the following <b>FACTS</b> : <i>1...

ron, You have several choices, some are: 1. Trade options Low volume, high spreads (frequently 10%+) and unfavorable option exchange rules against daytradaing, make options not a very good vehicle for daytrading. 2. You can learn and start electronic futures trading. With their...

Jays, True, 133 Mhz SDRAM memory will also work on a motherboard supporting only 100 MHz SDRAM.

QQQs are not ML holders, they're ETFs. QQQ trades in a minimum size of 1 share on its primary market - AMEX. ( http://www.amex.com/asp/indexshares.asp?symbol=QQQ ) QQQs are NOT listed on NYSE, they just trade there: NYSE began QQQ trading on the basis of UNLISTED trading...

Honda, As was already mentioned, memory size matching is not necessary, unless you have an old motherboard (4+ years or Pentium 60-133 or lower). When you buy memory, keep in mind that you can use the faster PC133 memory on an older PC100 platform. Fohat

IB is already a major force to be reckoned with in Program trading. Check the latest NYSE program trading stats at : http://www.nyse.com/pdfs/pt080201.pdf , IB is in the top 10 , in front of such giants as Morgan Stanley and Salomon Smith Barney. I am glad to see that TWS is constantly...

Oilyboid, The buying power/margin in IB margin account is dynamnicly calculated in realtime, hence you don't have to worry about exceeding your buying power - such an order will be rejected. Currently, Daytrading buying power is NOT a fixed amout that reduces with each daytrade...

Babak, In TWS build 707 you can now move a quote line on a page by simply clicking and dragging the symbol. The new Transmit Page feature allows you to transmit to the exchange all the order lines entered on the page. This feature put us in a new league, because it allows to transmit a...