Stock Pick

[SamosaChai]

whn did i post the nos ree

 

 

[BhagatSingh]

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]

Man, you remember me.. I am honored man..

Welcome :)

[BhagatSingh]

soo true. 25K ki tradeking 4 times buyng power marginal accnt estrhundhi.. with unlimited day tradng

Not for scottrade

[BhagatSingh]

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]

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]

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.

I am missing something here ....

[always_happy116]

I am missing something here ....

 

your account value is more than $25K?? and is it margin account??

[BhagatSingh]

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]

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]

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]

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]

do you know whts the interest charged for the margin amount?

7% Scottrade

[always_happy116]

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]

This I am aware of it buying power of two times

 

if its PDT 4 times every brokerage thats a fed or whatever rule