The ad people in this asylum have a couple questions they’d like you to answer so please do so below sans “Why the fuck are you asking us this” since it obviously has to do with some sort of money-making (Ponzi) scheme they’re cooking up. Then, we can return to the important work of analyzing this man-on-mouse pic for clues re: where things went wrong.
SEC limits “active trading”.. 30 day holding periods.. at least here
@ #1
30-day rule is compliance/HR here, they tell me, so that we focus on our jobs and not trading our PA. Rubbish if you ask me.
1:21 is right. Also, the rules are very firm specific – some firms will allow you to short stocks, some will let you do nothing.
Nonetheless, it hardly prevents ‘active’ trading. 30-day holding notwithstanding, you can still pretty much be ‘active.’
Does make that second poll question seem pretty pointless though.
Why would that make it pointless? I have to hold onto any trade for 30 days but I can execute as many independent trades as I want to in a month!
Jeez, this does not augur good for dealbeaker – what kind of ‘finance professionals’ is this site exactly drawing these days!!!
@ 1:54
if you think thats bad, you should hang around for a while, it gets much, much worse…
457-55-5462
-Todd Davis
pffft… 30 day rule….
Try 60 days and no derivitaves except protective puts (not even covered calls).
@ 4:38
Thats freakin horrible man, ouch. I just hope that like me you’re not relegated to using a heinous trading platform thats at least 10 years behind the datek offering I was using a decade ago, blechhhh
wait until hedge fund regulation kicks in.