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Strategies & Market Trends : DAYTRADING Fundamentals

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To: LemonFlavor who wrote (10562)11/6/2000 7:42:49 AM
From: KM   of 18137
 
It's a little different. It's all spelled out in their "Margin Tutorial" under the "Tutorials" part of their web page - a stupid place to put it.

On the maintenance calls, they send you an email and you have to call in so they can tell you how much to sell or put in.

On the "trading calls," if you don't pay the first one, they give you a slap on the wrist, second one, they restrict your account from "daytrading" (I find this confusing - under their definition of "daytrading" - does this mean you can still buy something and sell it the next day as opposed to intraday?) for 90 days and the third time, they close the account. OTOH, they're supposed to be not releasing $$$ tied up on overnight holds until the next day to prevent you from getting trading calls (it's worked for me so far! <G>).

It's still a mess over there and confusion reigns.
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