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There is no degree required to successfully trade and win intraday trading. There is a need for discipline, which includes includes physical fitness, mental attitude, and understanding when to enter and when to get out. As well as most importantly, not to attempt at trying to become vengeful...

Can anyone suggest a software package that one can use to track OPM (other people's money) in an LLC that trades it for clients. I've looked at accounting softwares and come up short on many fronts. QuickBooks, Peachtree are limited. Any advice would be greatly appreciated. Cheers

If there's anyone in NYC who's interested in becoming part of a member managed LLC please contact John Cooper at 950215@earthlink.net. Thanks.

I've been using Esignal and Ive had no problems with them ever. I used a whole bunch of other services, but when it comes to charting no one lests you zoom into a chart like Esignal, at least to me thats important. True, no feed is perfect, but Esignal is one of the most robust services out...

Is there a way to borrow money to trade. I've been trading for a year and a half, but since 9-11 my portfolio has been reduced. Are there lending houses for trading out there. Thanks.

You are absolutely correct, you have my vote of confidence, what can we do now to speed the process or at least monitor it from our own standpoint. Even though the brokers you mention are aligned with the small trader, what do you think would be the best method to execute this scenario.

Accroding to Datek, and this is a repeat, i called them again to clarify since this post was started, they say that you have 2:1 margin if your account is less than 25k, you may take long positions and sell them as often as you like. The only thing you cant do is short. If you had 25k with...

Is it true that the only changes made from this rule are that one cant short, but you can still long with 2:1 margin, not the 4:1. And that you can buy and sell long positions till you knock yourself out and as many times you want. At least Datek seems to confirm this.

Yoda, In the case that one could find a broker that updated funds in real time, such as datek, then there would be no problem i assume. Is that how it goes.

Despite the 25k trading rule, you can take long positions according to this post: http://www.elitetrader.com/vb/showthread.php?s=&threadid=1994&perpage=6&pagenumber=4

Yoda, Check this out: http://www.elitetrader.com/vb/showthread.php?s=&threadid=1994&perpage=6&pagenumber=4

I read elsewhere on this forum that you can still day trade as much as you want any way you want as long as you take only long positions. Is that correct. Since the market is already oversold, maybe if we're lucky we'll be in a long position for a while.

Yoda, As of current, I have been to the SEC's website (http;//www.sec.gov) and have gathered several methods to contact them. There are many practical ways to get the SEC to hear the arguments, email is good, but it has no organization. The best bet would be to masybe write letters. I don't...

Of the 40-50 thousand people who worked in the WTC, the survivors aren't going to be employed tomorrow. Does this nation need unemployment? Of the survivors, many are going to be small-waged support staff, and not necessarily capable of living off their large reserves, and they will be...

By the way, the SEC also had an office in the WTC complex. The ramification of their loss is also obvious, meaning that whatever it was that went on there, wont go on there anymore, resulting in the reduction of a node of efficiency in an economic system.

I woulnt say anything about the 25k rule if it wasnt for the the WTC incident. The WTC was more than 240 floors, each floor about the size of a city block, occupied by thousands of people in very strategic and key organizations capable of global implications. This is a loss. Over turning the...

Just a thought, and maybe i am wrong, and maybe this is a bad time to discuss this, but wouldnt overturning the 25k rule also help the economy because it allows more earnings and spendings, the very foundation of our system. And with today's tragedy in the WTC, meaning that there are less...

With the economy in a near stalled state, and with Downtown New York almost decimated, do we really need the SECs "Pattern Day Trader" Rule? Aren't things bad enough as it is with very little volume and volatility? I think its time to speak up against the SEC and try to get this rule reversed...

This being a major damper on US economics, perhaps its an interesting time to request the reversal of the SEC rule that begins on September 28. Its a bad rule to begin with, and maybe such pessimism and downtrends will make the SEC see how wrong it is. I think we should make our voices heard.

My office 'was' in the World Trade Center. A lot of friends and colleagues escaped, and some did not. Truly a sad day.