S Simba Dec 3, 2001 #1 What are traders' opinions on being a DIRECT ACCESS TRADER vs. trading at a PROFESSIONAL FIRM? Obvious differences are: 1. Margin (4:1 vs. 10:1, intraday) 2. Licensure (Professional trading requires Series 7 license, DAT does not)
What are traders' opinions on being a DIRECT ACCESS TRADER vs. trading at a PROFESSIONAL FIRM? Obvious differences are: 1. Margin (4:1 vs. 10:1, intraday) 2. Licensure (Professional trading requires Series 7 license, DAT does not)
def Sponsor Dec 3, 2001 #2 the pros will add in bullets which will give you the ability to short on a downtick (albeit at a small price). you may want to do a search as there were a few discussions on this a while back. in the end, it probably comes down to what type of environment suits you best.
the pros will add in bullets which will give you the ability to short on a downtick (albeit at a small price). you may want to do a search as there were a few discussions on this a while back. in the end, it probably comes down to what type of environment suits you best.
