BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 Naadhi scottrade le, I didn't try or i am not sure abt 4 times.. I used twice many times.. Scottrade ki 4 times ledhu anukunta
BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 Man, you remember me.. I am honored man.. Welcome :)
BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 soo true. 25K ki tradeking 4 times buyng power marginal accnt estrhundhi.. with unlimited day tradng Not for scottrade
BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 because you are not a pattern day trader.. call them change your account to PDT :police: :police: when you do crazy anything can happen.. kodithe 10k pothe 10k I don't think it's there for scottrade Let me double check with them
always_happy116 Posted June 22, 2015 Report Posted June 22, 2015 I don't think it's there for scottrade Let me double check with them No its a mandatory... every brokerage gives it.. even scotrade Day trading buying power. Day trading buying power is calculated based on the customer's account position as of the close of business on the previous day. The amendments limit day trading buying power to four times the day trader's maintenance margin excess.
BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 No its a mandatory... every brokerage gives it.. even scotradeDay trading buying power. Day trading buying power is calculated based on the customer's account position as of the close of business on the previous day. The amendments limit day trading buying power to four times the day trader's maintenance margin excess. I am missing something here ....
always_happy116 Posted June 22, 2015 Report Posted June 22, 2015 I am missing something here .... your account value is more than $25K?? and is it margin account??
BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 your account value is more than $25K?? and is it margin account?? I am not into pattern day trader that might be the difference
always_happy116 Posted June 22, 2015 Report Posted June 22, 2015 I am not into pattern day trader that might be the difference if you have what I said before 2 requirements then you can change your account to PDT then they give 4 times buying power if not 2 times
idiBeZaWaDa Posted June 22, 2015 Report Posted June 22, 2015 No its a mandatory... every brokerage gives it.. even scotrade Day trading buying power. Day trading buying power is calculated based on the customer's account position as of the close of business on the previous day. The amendments limit day trading buying power to four times the day trader's maintenance margin excess. do you know whts the interest charged for the margin amount?
BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 if you have what I said before 2 requirements then you can change your account to PDT then they give 4 times buying power if not 2 times This I am aware of it buying power of two times
BhagatSingh Posted June 22, 2015 Report Posted June 22, 2015 do you know whts the interest charged for the margin amount? 7% Scottrade
always_happy116 Posted June 22, 2015 Report Posted June 22, 2015 do you know whts the interest charged for the margin amount? yes.. i think interest rate is 6.5% minimum i think (Interest Rate/365 Days)*(Amount Being Borrowed)*(Number of Days Borrowing Funds) but since it is PDT i am not talking here long like holding stock for months on barrowed margin.. I am saying buying and selling in days
always_happy116 Posted June 22, 2015 Report Posted June 22, 2015 This I am aware of it buying power of two times if its PDT 4 times every brokerage thats a fed or whatever rule
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