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Strategies & Market Trends : From the Trading Desk

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To: David Penfield who wrote (3849)11/20/1998 3:32:00 PM
From: steve goldman  Read Replies (1) of 4969
 
You can daytrade in a cash account, but you cant' 1) have any buying power beyond free cash and 2) mightnot be able to utilize thefunds until the following day.

Its rarely done. Why not open a margin a/c, not use the margin but not have a 90 days reg t restriction.
-Steve@yamner.com
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