GRASSROOTS EFFORT to take on the SEC (esp. read if you are sick of the SEC)

FRuiTY PeBBLe · Feb 22, 2003

Quote from sammybea:

Personally LOVE the PDT rule and hope they don't change it. There is no need for people less than that amount to daytrade the market. You have to understand there are numerous people who would rather goto companies like Bright and other props, or sit home and gamble rather than goto A.C. There needs to be grassroots to increase this amount to 50,000 so we don't have another daytrader shoot up the office cause he blew his account. 25k is not a lot of money. Get a job and raise that amount then daytrade. The SEC finally got it right!! Congrats!

OMG, you are a FOOL!

You don't ruin things for everyone because of a few losers. There's a few bad apples in any group. Your argument that PDT should be increased to $50k so daytraders don't shoot up offices is ABSURD! Where do you draw the line? Let's make kitchen knives illegal because murderers have used them to kill people.

You are so clueless, I don't even know why I'm wasting time responding to your nonsense.

FRuiTY

thetraderprofit · Feb 22, 2003

Just admit the real reason you want the PDT rule at $50k is that it reduces competition.

sammybea · Feb 22, 2003

Quote from stockerup:

sammy, it's people like you that make the stupid politicians think they're doing the right thing. I think your post is arrogant and at best idiotic. Increasing the PDT rule to 50K will not deter someone from going on a rampage and killing other people, and setting a $ figure on someone's account does not mean the trader is a better trader if he/she can come up with the money.

By saying you "personally LOVE the PDT rule" only means that your arrogance comes from your selfish mentality, and you say that only because it apparently does not effect YOU. You remind me of the people in Washington who stood and pumped gas while that person was being shot and didn't try to help.

LOL... by comparing me to someone who walked away from a murder shows one thing. You are unstable. Maybe you compare your inability to get 25k to people dying, but lets face it, you are the type of person who will kill if you lose money. Its sad, but you just reinforced the idea that the limits are too low. I hope the managers of prop firms have guns, because people like you do exist.

sammybea · Feb 22, 2003

Quote from thetraderprofit:

Just admit the real reason you want the PDT rule at $50k is that it reduces competition.

Nope, just keeps the gamblers who are unstable to a min. Who wants the threat of another shooting.

qdz2 · Feb 22, 2003

You gotta be congratulating yourself so far that there has been no shooters among those were pushed to risk more than 25K to PDT stocks and stock options , or those were pushed to trade futures and lost, or those who lost jobs at Enron,Worldcom because the SEC didn't do its primary job but focused on crooking corrupt policies like the PDT rule in 2001.

Again, you still ignore the fact (or don't understand a thing), that the PDT rule claims to protect the brokers, and actually was designed to benefit special interest groups and lobbyers.

Quote from sammybea:

Nope, just keeps the gamblers who are unstable to a min. Who wants the threat of another shooting.

noprophet · Feb 22, 2003

The PDT rule would have not affected the Atlanta shooter Mark Barton's ability to trade. I think I remember he had something like $400,000 when he started trading.

stockerup · Feb 22, 2003

Quote from sammybea:

LOL... by comparing me to someone who walked away from a murder shows one thing. You are unstable. Maybe you compare your inability to get 25k to people dying, but lets face it, you are the type of person who will kill if you lose money. Its sad, but you just reinforced the idea that the limits are too low. I hope the managers of prop firms have guns, because people like you do exist.

sammy, you're wrong again. I never said I didn't have the 25K. In fact, I have more than enough to open several 25K accounts. I merely read your post and saw a blatant expression of arrogance and stupidity.

My opinion is that freedom of trade should be for everyone-- not just the elite few, and it bothers me that the PDT rule goes against everything that free trade stands for. Your arrogance and narrow focus on yourself is the same type of mindset that brought the PDT rule into effect by its creators.

If you're willing to except the possibility of more and more restrictions on your freedom, then I can understand your apathy.
If not, you might want to re-think what you're saying.

FRuiTY PeBBLe · Feb 23, 2003

Quote from sammybea:

Who wants the threat of another shooting.

Man, you are just incredible. You are one sorry ass..let me tell you. I rate you a 9 (out of 10) on the stupid scale.

F. PeBBLe

sammybea · Feb 23, 2003

Quote from noprophet:

The PDT rule would have not affected the Atlanta shooter Mark Barton's ability to trade. I think I remember he had something like $400,000 when he started trading.

BUT.. if there was a PDT rule, he would have been left with 25k.. instead of 0. The SEC is a lot smarter than you think.

sammybea · Feb 23, 2003

Quote from stockerup:

You remind me of the people in Washington who stood and pumped gas while that person was being shot and didn't try to help.

You obviously take things very personally. Comparing me to someone who stands by while a murder happens means you are unstable. You fail to see where reality begins and ends.