Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: kdavy who wrote (63489)	5/7/2002 1:57:01 PM
From: kdavy	Read Replies (2) of 70976

OT: margin trading: I have been quiet for last few days because I am loaded with lltc, amat, mxim, nvls and orcl (some sunw). No room for trading. I checked my charles schwab account and besides %equity, available fund etc there is one line about funds available for day trading. I checked with the broker and he explained that if I buy and close the position same day I have almost as much as my equity available. I will not get a margin call if I close the position same day. This is not the same thing as funds available on margin for investing. This is on top of that. Well I day traded again (very scared) but booked a few wins. The point is that I just found out that extra funds available for days like today. kdavy PS: With my stock picks I am in a meditative state or may be in a trans. I believe that I will recover my losses (paper) in due course, therefore, I sleep well.

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