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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dan Duchardt who wrote (13336)7/8/2001 10:02:56 PM
From: Mark Davis  Read Replies (1) of 18137
 
"2) As far as I can tell, the only rules about activity in a cash account are those in Reg-T, which states very clearly that one can never use the proceeds of a sale of securities to cover the cost of purchasing those same securities "

Are you saying that in a cash/IRA acct, you could not trade for example MSFT 5 times in a day, using the full buying power of the account each time? And how would the broker keep track of this in realtime?
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