The Business (con't)
                       Day traders can maximize margin (Regulation T)
                       EXAMPLE: $50,000 of capital with  Reg.  T  margin  of2:1 can control $100,000 in stocks. You can liquidate your  position(s)  andrepeat the procedure time and again over the trading day.                       Proprietary traders working for a NASD broker  dealerare allocated increased leverage, which varies according to  each  firm.  Toqualify as a proprietary trader you must be  U-4  registered  at  the  firm,pass series 7 and series 63(or 62) and then pass the new series 55. This  ofcourse assumes you qualify as a trader.                       Day trading margin of your full capital is  certainlynot as risky as overnight carry, but if they stop trading in a stock  beforeyou can liquidate your position and the news is bad you might find  yourselfin the same position as trader B.
                       "Day Traders Equation"
                       Maximum % of profitable trades + Maximum  profit  pertrade - Small losses x Multiple trades = ‘s SUCCESSFUL DAY TRADER                       This equation is the real  money  management  of  daytrading. Place it where you can see it the entire trading day to remind  youof the objective – make money – control risk.