Date:    02/01/2000  7:52 PM


Subject: File Number SR-NYSE-99-47
Regarding File Number SR-NYSE-99-47 rule change recommendation.
     
The amount of money in a trading account does not indicate competence as a 
trader.  A new inexperienced trader will simply loose more money with a larger 
account than a small one. Do you have any research to prove otherwise?  
This rule if adopted will not result in the small trader abandoning day trading.
 If implemented logic dictates that most traders with small accounts will simply
trade smaller lots, some will go further into debt through the use of various 
loans in order to increase their account value to the required limit, and 
probably very few would stop day trading.
A test that demonstrates expertise of the subject is what should determine 
wether one is competent to day trade or not.  Money proves no such thing.
     
Sincerely
     
Pedro G. Pardo