Kuo, Wei-Yu; Lin, Tse-Chun - In: Journal of Banking & Finance 37 (2013) 9, pp. 3548-3561
A specific day-trading policy in Taiwan futures market allows an investigation of the performance of day traders. Since October 2007, investors who characterize themselves as “day traders” by closing their day-trade positions on the same day enjoy a 50% reduction in the initial margin....