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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TraderRick who wrote (2896)2/8/1998 3:11:00 PM
From: mr.mark  Read Replies (1) of 12617
 
i trade with waterhouse securities using their webBroker site and a margin account. i would point out to you, trader rick, what i have recently learned. when checking (or calculating) buying power, be aware that there are two types... regular buying power, and daytrading buying power. like you, i was placed on restricted status for violating sec rules on daytrading. waterhouse is very helpful when it comes to holding my hand on these matters. easy enough for me to give you the formula for calculating daytrading buying power, but i'm not sure that it doesn't vary from firm to firm, as opposed to an sec reg. just thought that you should be aware, so that you can do some inquiries.
best of luck,
mr.mark
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