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To sttle this once and for all I ask a leading broker -Datek- to clarify their position on daytrading in a cash acct. Here is their reply: "Daytrading requires margin. Daytrading in a cash account is governed by the free riding clause of Regulation T. No NASD member firm shall permit...

You just don't get it yet... They are not targeting daytraders per se. They couldn't care less if we professional traders knock ourselves out trading a thousand times a day.... But they don't want Mr. John Q. Public "gambling" away his last ten bucks. They want Mr John Q. Public to...

They stopped it because it would circumvent the spirit of the new regs. Do you realize that your congressman is to blame for all this? Congress said get those undercapitalized clueless morons out the market ... Or we'll find a way to do it for you! That's where all this began...

Fohat, Theoretically maybe they can do what you suggest, but is this what they are doing.... Answer: NO. They aren't permitting realtime instantly updated buying power in cash accounts. Bucky Lee

All brokers are using T+3 for settlements for cash accounts. (Datek, Cyber, IB, MB etc.) Quit trying to make an "end run" 'round the regs, their play book's got it covered. Bucky Lee

Hitman is presently paying his tuition. The experience and education he is recieving at WorldCo is invaluable and well worth the price he is paying. It's not just "cheap labor", it's about opportunity and a shot at the big time. Dozu, you don't trade for a living because you don't know how...

Sally, Well, then you have nothing to worry about do you. PS Brokers had six months to comply. They could have enforced the new regs any time but most chose the last day. You are judged by the last five days. Your trading on Thursday classifies you as a PDT. Congrats. Bucky Lee

garet, You're trading some serious size for a new trader. Ease up on the accelerator and back it down my man. Or you're gonna get burned. Bucky Lee

There is no confusion. The new rules have been in effect for six months now. Brokers had to comply by today. Today was the last day. If you daytraded more than three times within the LAST FIVE DAYS.... You are a PDT effective IMMEDIATELY. Now you can't trade for five business...

Give us more detail on this "bot". How does it work? What is the programming code? Thanks for helping a fellow trader! Bucky Lee

Ken Calhoun, What have you got say about this? Bucky Lee

Sniper, Who are you trying to kid. Only those with a crystal ball can pick the tops and bottoms with precision on a consistent basis. THAT is a well known fact that has withstood the test of time. And THAT is what Ken was getting at. You are nitpicking and you know it! For you to suggest you...

LOL

Kicking...you laugh at market data ("indicators") then go on to assume your "gut" knows better. YOU are funny..:p

What you are all missing is... If you wish to make that leading indicator argument. Then, YOUR GUT IS NOT LEADING INDICATOR EITHER! Do you really believe you transcend known laws of physics and develop a prophetic gut from watching the market??? What do you think your gut is using...

Look you "gut feel" enthusiasts...either you make your choices knowingly ie CONSCIOUSLY Or you make them without a conscious awareness of the reasons underlying your choices ie BLIND to your underlying basis. Now you tell me... What makes more sense? Making choices with awareness and a...

Don't trade off your "gut". That's nonsense. Unless you're a woman....(women's intuition ;-) Indicators are real time info about the market. To disregard this in lieu of "gut" is ridiculous and irrational. What is their "gut"? Would you place faith in something as ambiguous as this? Even...

Nice post Turok. Those quotes were like a breath of fresh air. Einstein was truly a genius. As for my occasional use of the CAPITAL, simply my attempt to add a little flair to the otherwise insipid. My apologies. I think as I stated my point of view quite clearly. And succinctly. I need...

dd, WE "exist", we have good proof of that. "God" does not exist, we have NO credible proof for his existence. "I think, therefore I am" If there is a CREATOR, I would have to ask...."Who or what created Him?" (ad infinitum) Nope, sorry, probability of a God is slim to none. We...

Einstein never believed in a "God". He was too smart for that. Newton... I don't know.