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Non-Tech : Datek Brokerage $9.95 a trade

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To: BigMoney who wrote (16736)4/3/2003 10:10:10 AM
From: DismalScientist  Read Replies (1) of 16892
 
Reg T margin calls
I am classified as a Pattern Day Trader. In the past 2 months, i have been hit with a number of Reg T calls which, in my opinion, are eronerous. At the end of each trading day - 8 PM or earlier, I make sure I cover enough positions to show a positive stock buying power and eliminate the potential Reg T call. On a number of occasions, I then get a Reg T call the next day. Is the number showing in the account one which should be reliable to be in compliance. Anyone else having this problem?
BTW: Anyone have any experience with Power e trade and how it compares to Ameritrade?
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