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Re: [amibroker] Re: Interactive Brokers plugin policy change



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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)





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