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Strategies & Market Trends : DAYTRADING Fundamentals
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To: eriksonc who wrote (13320)7/8/2001 11:10:22 AM
From: KymarFye  Read Replies (1) of 18137
 
"I was going to open an account at Tradestation, but they told me they use a cumulative daytrading buying power calculation (i.e., it is based on the total amount of money you've used in a day, not on the maximum position size for the day)."

You should call again, and talk to a broker, and be sure you're both clear on what you're asking. I've been trading with them since last Monday, and the cumulative total of my trades have gone well over my total buying power (i.e., based on current 2x margin) - usually by early in the day. Perhaps they meant that at any one point, the cumulative value of all open positions taken together cannot exceed your margin. I suppose it's possible that they'll change policies in September... now you've got me ready to double check.
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