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The new requirements for day trading accounts state that there must
be $25,000 in the account. I understand that if more than four
trades in one week are closed within the same trading day, this
imposes restrictions on the trader.
Do these new restrictions apply to trades even if they are fully
funded, or only to those day traders who are given special lower
margin requirements? If it applies even to fully funded
transactions, then a prudent trader who closes out losing trades
quickly to keep losses small will be penalized for his prudence.
Does anyone know for sure?
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