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

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.
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Sammybea; if you love it that's fine. The rule does not affect me but I have to ask the question. What gives you the right to decide who trades what, when or how or determine other people's "needs" ?

That said, I agree that it's best to increase your working capital and a job seems to be a good way to do that.

The markets need to be more democratic, not less.
 
Quote from white17:




Sammybea; if you love it that's fine. The rule does not affect me but I have to ask the question. What gives you the right to decide who trades what, when or how or determine other people's "needs" ?

That said, I agree that it's best to increase your working capital and a job seems to be a good way to do that.

The markets need to be more democratic, not less.
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Good point.. nothing gives me the right to determine for others. But if anyone thinks the markets are democratic by any means, i could sell them a bridge. I think this is one rule that benefits retail investors, but then again, there are many that don't. I would gladly oppose this rule if others were axed as well.
 
Free markets for free men. The SEC has co-opted American virtues repeatedly. If I wanted someone looking over my shoulder I'd live in Europe. Fuck the SEC and double fuck the United States Federal Government.
 
Quote from Ron In-a-sauna:




Harry, you are so french its not even funny! you are just the type of person i don't want on my thread. its easy to take the cynics view, its easy to list all the reasons why the deck is stacked against you, because you are mostly right...but what is not easy for people to do is to do something about it, even though it takes the same effort! i just wrote my senators, congressman and the SEC, that gives me the RIGHT to bitch about it. just like a vote and that gives me the right to bitch about politics. but someone who crys but deonst take the time to get off their lazy ass and vote or write their rep IMO has no right to bitch about the legislation that gets passed! LEAD, FOLLOW, or get out of the way comes to mind, as does FIRST ONE TO CRITICIZE LAST ONE TO HELP

harry, i have said this before, you are a wierd dude and i often find myself disagreeing with you on issues, but i do respect you and feel you are an intelligent person with whom one can have an intelligent debate with so keep coming back!!!
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You have no concept of what a 'RIGHT' is. so use a different word.

And I'm going to have to agree with Harry on this one. The way people think in this country is F'ed up, so there really is no point in playing their asinine game of politics because you can't win an argument against an irrational person who has accepted an irrational philosophy and who is a mystic(someone who doesn't require proof to believe something but relies on other and other's arguments).

What is needed is an argument against their philosophy and their inability to understand what made this country different from all of the societies before it: recognition of man's rights.
 
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!
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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. :mad:
 
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