You should consider the following
points before engaging in a day-trading program.
For purposes of this notice, a "day-trading strategy" means
an overall trading strategy characterized by the regular
transmission by a customer of intra- day orders to effect
both purchase and sale transactions in the same security or
securities.
!!! Day trading can be extremely risky.
Day trading generally is not appropriate for someone of
limited resources and limited investment or trading
experience and low risk tolerance. You should be prepared to
lose all of the funds that you use for day trading. In
particular, you should not fund day-trading
activities with retirement savings, student loans, second
mortgages, emergency funds, funds set aside for purposes
such as education or home ownership, or funds required to
meet your living expenses.
Further, certain evidence indicates that an investment of
less than $50,000 will significantly impair the ability of a
day trader to make a profit. Of course, an investment of
$50,000 or more will in no way guarantee success. |
