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Icarus, The margin call stuff is probably true, but no, the rule is not limited to a margin call. You are wrong. The rule says that if you have less than 25K and buy/sell a property (stock) intraday for the 4th time in a 5 day moving period, you are in SEC violation and your account will be...

See what I mean?

P I "paper traded" my specific system for a YEAR before I committed a cent to live trading. I analyzed God knows how many charts. I got to watch it in all of the major conditions -- bull, bear, sideways. I learned when it works, and when it doesn't, and why. I calculated it's expectancy in...

JC I agree with your statement "the account size is not what matters. You can learn with 10 or 15k, and you probably SHOULD! What matters is persistence. How committed are you? How many times will you start anew?" However, your story also relies upon the seeming "inevitability" of...

P2, First, you've made my point for me. I personally have not doubled my account in the last year. But I've done well. But the point is this: you were ready to admit that a measly 20K could become a few hundred K, since I seemed to have some skills. That's the point. It's not the account...

P2 Thanks for your reply. Let me, however, just comment on a few things. Sorry for the length. Bear with me. =============================== You may be profitable, and we definately have different opinions on what is successful. I'm looking to trade mainly to increase my account size to...

I'll be honest. For those that (1) practice sound money management (2) have put in the time required to learn how to chart/find a positive expectancy system, and (3) have cheap commissions -- yes. For those that fail to meet (1), (2), and (3) -- no. Now I'll ask you: (A) For someone with...

P2: First, I don't daytrade (well, much). I swingtrade. And the rule effects me greatly. But to be honest, I don't think it matters whether we're talking about swing or daytrading. Since my commissions are so low at IB, having less than 25K certainly doesn't mean that I get eaten up by...

P2, Didn't YOU start trading with less than 25K? I may have a faulty memory. Here's how I remember it. You started with 6K, blew it all. You convinced your father to give you 20K to trade with. And you used that 20K to get to your current account size. If I'm remembering right...

Tymjr, You ain't seen nothin' yet out of this guy. He exudes arrogance and lack of tact under the thinnest veneer of humility. Wet

Def, As far as I understand it, here's the SEC rule: SEC: if you have >25K, you cannot make more than 3 intraday entry/exit trades in a 5 day moving period. IB: if you have >25, you cannot OPEN more than 3 positions in a 5 day moving period. Here's an example: I open 3 trades on...

Def, I am curious why IB decided to compound the problem with their "solution". The SEC's rule was an annoyance for swing traders. IB's solution to the problem is the real problem, though. If they can program the system to detect when I've made 3 trades in the last 5 days, why can't it detect...

The Princess' words, exactly.

Hitman, I meant compared to me that's what you are. Also, I'm afraid you're doomed to the blue collar. It's the blue collar man that worries about 10 bucks. Don't worry about the label, you'll get used to it. Magna, No mentioning Hitman's lack of integrity. Leave that on the MSN...

Hitman, I meant compared to me that's what you are. Also, I'm afraid you're doomed to the blue collar. Magna, No mentioning Hitman's lack of integrity. Leave that on the MSN boards. Wet

Hitman, Well, I'm no master trader like you are. As well, I sure don't pull in the big bucks like you do either. Perhaps one day I'll be a trader of greater stature and height, but not yet. But even at my lowly current trading size and account size, I don't mind paying for a service if I more...

Baron, It's your site, and you can do what you want with it obviously (and it's a good site too!). However, I fail to see why your would delete a negative thread challenging the validity of short term trading. Do I think short term trading is invalid? No. But I am for open and free...

Mgregor, No. IB's rule applies to any and all listed stocks. I wish it wasn't their rule, but it is. Wet

Hitman, I can understand that a day trader can benefit at the hands of a rookie trader. So can a swing trader. As well, I can understand that when you do well, you feel good. When you do bad, you feel like crap. However, "easier rookie kills" is a typical macho-chest beating statement...

Mgregor, Actually you are right and wrong. There's no LAW or SEC rule stipulating this, but IB has an in house rule concerning listed stock purchases -- they must be made in round lots. In any case, forget the appeal to "free markets". The new 25K rules that the SEC has passed proved...