Day Trading Rules Message Board

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Strategies & Market Trends : Day Trading Rules

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To: Mikey who wrote (6)	4/30/1998 4:28:00 PM
From: Winston Kim	Read Replies (1) of 40

Mikey, Let me see if I can help.....Margin is nothing but a loan that your brokerage gives to you..... When daytrading I suggest that you call you broker on the day you want to daytrade and ask how much daytrading power you have.... Daytrading is nothing more than buying and selling the stock on the same day....when you use a cash account over a margin account to daytrade it is different... Cash account means you must have the cash to meet the buy....usually stocks under 5 bucks are not marginable...it is usually better to buy on margin because it give you more buying power... Let's say you have 5,000 in your account all cash...that is your equity...if you open up a margin account you usually get another 5k in borrowed money from your brokerage house...so you have 10k in buying power of marginable securites....usually there is a 50 percent equity requirement... Winston

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