Re: [CANSLIM] New NASD trading restrictions?

From: "Robert Gammon" <rgammon51@yahoo.com>
Subject: Re: [CANSLIM] New NASD trading restrictions?
Date: Tue, 18 Mar 2003 15:27:01 -0600 (CST)

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To the best of my memory, this is NOT a new rule.  Its been there 
for a LONG time.  Its the reason that Day Traders were REQUIRED 
to have margin accounts.  Virtually all brokerages have a 
tutorial on their web site, and available in their offices to 
explain the use of funds in your account.  What has changed from 
time to time has been the length of time between the trade and 
settlement.  It wasn't all that long ago that it was 5 days 
instead of the 3 days we have now.  Ameritrade may just be 
beginning a new push to make their customers aware of this rule.  
This action is not the same as enforcing a new rule.  Read up on 
Reg-T extensions and what happens to your account when such an 
extension is invoked.

Robert Gammon
Houston, TX


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