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Non-Tech : MB TRADING

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To: Dennis Lee (Hijacked) who wrote (4999)6/25/1999 4:07:00 PM
From: Tai Jin   of 7382
 
Having run afoul of the margin requirements on several occasions, I now understand it. Basically, you can always trade with the buying power that you start the day with (what they call the BEE). If you also exited an overnight position then that additional buying power is available for trading any stock other than the one you held overnight. The software does not prevent you from dipping into the released buying power from the closed overnight position, but as long as you don't trade above your BEE you should be fine.

...tai
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