Quote from Bitstream:
established fact??? lol. how on earth do u establish who's the dumb money and who's not. is that because the sec has said that small acct holders are incapable of any thinking? this is even more ridiculous and total nonsense if u think that pdt dont apply to futs. the most unforgiving mkt of them all for noobs.[/b]
Statistics. That's how.
Anyway, care to cite the PDT rule for futures?
i am referring to most people here that dont give a whoop about govt intrusion into their lives and decisions, maybe until it's too late to dissent and a fema camp will be the punishment for civil disobedience. america is slowly sliding into a police state: habeas corpus and posse comitatus act are void in case u missed it... gone. i see u dont keep up with news..of course it's not your fault if faux news has brainwashed u to the point of non-return.
Dramatist.
So you shouldn't be required to have a licence to drive and impose an age limit at that then? Must have unfettered freedom ya know.
You shouldn't be required to have insurance either I suppose. Must have unfettered freedom.
You shouldn't be required to post a performance bond that's determined by an exchange. They should take anything you put up and accept your promise to not go into negative equity.
Geez man, I could go on.
well, u see that's u...not everyone can make money off a 5k acct trading bloody futures or options... i couldn't for once. of course that may be my fault since i am below average or average at best but isn't that patronizing? and good u bring up futures since the pdt doesn't affect this mkt. then how do u reconcile it? u cant, because it doesn't make any sense and your apologies aren't worth the piece of virtual paper they are written on.
I make no apologies. I have a policy of not coddling the stupid. I'm not saying you're stupid unless of course you insist that PDT is unconstitutional.
Anyway, how do I reconcile it? Simple. The impediment for me to trade stocks was insufficient funds. What did I do? Well I was determined to get into this business of trading so I found an alternate way. Or I could have waited until I had enough loot to trade stocks.
*shrug*
Ya ain't got no points friend.
yeah good i dont need to reply to this since a poster before me explained to how good much of a choice he has to adapt and get around the pdt....if he waits for an eternity. lmao.
Or, he could adpat his funding and trading style to something more suitable to his means.
bla bla bla, what has all this to do with an unfair law. it's like saying because u can get around the specialist thievery then it's a good reason to let him keep robbing. dont u see flaws in your thinking? ok, from tomorrow let's introduce new regulations abolishing traders from shorting stocks...hell u can still make money going long or buying puts...what's the problem..."as if there are no alternatives". rofl.
Unfair? How so? Define it, make a case, and bring it before the SEC and NASD.
Flaw in your thinking is equating Specialist quasi unethical tactics to a monetary threshold for a style of trading.
bottom line nobody should give a fucking inch when rights are concerned, it only opens the door to more control and more regulation. fuck the nanny govt, i wouldn't let my mother tell me what to do, nevermind the govt.
Anarchist? If not, where exactly do you draw the line on rules and laws? Oh I see, only when they directly affect you. But isn't that what you accused me of? Except in the inverse.
Cry me.. no wait, cry the SEC and NASD a river.
