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def, What do you mean by "money is not there". Let's say I have $5,000 in my account. I buy 100 shares of ABCD stock at $45 and 10 minutes later I sell them at 44.50. Now I have $4,950 in my account. The question here is in real time updating. And let me add one more thing. The brokers are...

It is definitely case that CNBC wouldn't be happy with this rule. The only thing that CNBC worries about is it's advertisers and ratings. If they think that this rule will affect their advertisers and ratings they may try to do something about it. I'm noticing that most online brokerages...

This is what we know so far. 1. At IB you will be able to make 3 daytrades in five day period in margin account. You will only be suspended for five days if you make more than 3 daytrades. This is much better than they have originally stated because at least one can multiday swing trade with...

I'm not sure if one was able to daytrade on a long side with cash only account with IB before. Because if you were this sounds that you will still be able to do so. I'm sure that there are some brokers that allow daytrading in cash only accounts. If that is the case that is a good news 'cause at...

I think that you guys are forgetting what was the main reason of the surge in interest for daytrading stocks in the first place. It was Level II software and the fact that at least in theory playing field became leveled. Level II stock daytrader can be compared to Black Jack counter who is able...

So that's why some guys are very active on this board. I think that Baron should charge them advertising fees.

The "only" problem with being proprietary trader seems to be lack of the insurance. What I meant in my first post at this thread was that firms like IB or Datek could get some financial institution to lend part of the money to the trader who can not meet the 25K requirement. The broker would...

Hello, Can someone explain concept of stock futures in more detail. Thanks.

Hello, If the brokers such as IB, Datek ... are trully opposed to the new rule as they claim to be one of the possible solutions could be that they partner with some financial institution who would deposit part of the 25K required sum on behalf of the trader but with the condition that the...

def, You said in one of the previous threads that you will find out what does the message on IB site means. The message states that a trader with less than 25K can open only three positions in a five day period.

What is even worse is the fact that people can not daytrade from cash only accounts. That in my opinion is more discriminatory than the 25K minimum for margin accounts. If you are trading with your own cash who is to say how many times can you trade in a day.

chauncey, In my opinion, novice traders who don't have sufficient capital (25K) should concentrate more on multiday swing trading instead of pure daytrading. If you are allowed only 3 daytrades a week it is just not possible to daytrade and if this rule starts to be seriously implemented this...

I would also like to add that in a different sense this rule could be interpreted as a proof that daytrading works. People who are behind this rule are not mother Theresa and you can be sure that they are not protecting interests of would be traders. They are protecting interests of those who...

zboy, Let's hope so. I personally, as a trader will not be affected with this rule but it definitely has potential to affect not only brokerages such as IB, Datek ... but also the whole industry that caters to would be traders. Eg. QCharts, Esignal, daytrading books, courses etc... We should...

On a bright side, one only needs to have 25K deposited to the account. It doesn't necessarily mean that you need to trade with all of it. If you were going to start your trading career with 10K you can still do so, but you will have to be disciplined and not use remaining 15K for trading. Of...

Is this final or do the brokers have time to appeal?

Andrasm, I like that motto of yours "Don't confuse brains with Bull Market". That by itself may be the answer to this discussion. Day trading as a mass occupation coincides with Bull market of the past several years. I don't think that day trading would have become so popular if it had started...

Babak, could you please expand on opening account in the name of company instead of person. Do you have to have some kind of licence like CSC or Series 7 for that? Thanks

IB was accepting Canadian customers in 2000.In October 2000 they stopped accepting any additional customers from Canada. Since then they have been trying to solve this problem for more than 6 months now and to my knowledge without success. Swift Trade offers trading only in their locations...

First you can try to uninstall the old card by going to add/remove hardware at the control panel. I don't understand what do you mean by "built in to the motherboard" If you do install new card before removing the old one you may have conflict. What I can suggest you is to go to...