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Re: gophilipgo post# 6041

Sunday, 05/24/2009 9:46:06 AM

Sunday, May 24, 2009 9:46:06 AM

Post# of 51973
I understand there is that rule. But what I have never been able to figure out, is why? The only thing I can think of, is it is there to keep the little man (average person) down. There can not possibly be any other reason for it. That rule is the biggest hindrance, that stops the average person from making any money, in these markets. It is there solely to keep the poor .... poor.



"You need a minimum of $25,000 in your account to daytrade. That's an SEC rule. You can, however, make up to 3 round trips in one rolling 5-day period. More than that though, and you risk being suspended from trading for 90 days."


My post on this board does not mean I own this stock, nor am I recommending it to anyone, either to buy, hold, or sell. I do not own this stock, btw.

GL