Yes, completely silly as we can trade FUTURES contracts at many brokerages with only $2K. What the heck are they thinking?
----- Original Message ----- From: "Yuki Taga" <[EMAIL PROTECTED]> To: "Tomasz Janeczko" <[email protected]> Sent: Wednesday, March 12, 2008 9:14 PM Subject: Re: [amibroker] Re: Interactive Brokers plugin policy change > Hi Tomasz, > > TJ> US securities regulations require at least USD 25,000 (or USD > equivalent) in equity to day trade. > > I always thought this was a silly little "looks like we are > protecting the little guys" kind of law. > > So, somebody without very much cash is prohibited from repeatedly > wagering (and let's assume losing) an amount of cash that is, by most > measures, rather inconsequential. But somebody with poor trading > skills and an amount of cash that is a bit more meaningful is free to > squander their larger pile, which may be just as large a percentage > of their net worth as is the case with the smaller guy -- until they > have a very little egg left, which they are then "protected" from > day-trading away. Such scratch-my-head public policy. > > Las Vegas gives worse odds than the equity market, but I don't think > anyone is required to put up 25 K to "day-trade" Blackjack. ^_^ > > Yuki (who agrees in principle that 25 K is not enough to attempt > making a living in the market -- or at Las Vegas) > > > > > > Please note that this group is for discussion between users only. > > To get support from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > For other support material please check also: > http://www.amibroker.com/support.html > > Yahoo! Groups Links > > >
