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Strategies & Market Trends : From the Trading Desk

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To: LPS5 who wrote (4579)	6/17/1999 3:07:00 PM
From: Tom DuBois	Read Replies (4) of 4969

I have asked this question of 3 Waterhouse folks and gotten a different answer each time. Can anyone help sort it out? Can I daytrade in excess of my listed margin "buying power". I've been told: 1. NO...you can get a 90 freeze for daytrading over your limit 2. Yes...but be sure to close out by day's end before your account is updated 3. Yes...trade as much as you want...only risk is a house or fed margin call I'm assuming there is a SEC rule involved not just Waterhouse company policy. Any help?/ Tom

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