Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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To: Len who wrote (2841)	12/30/1998 6:31:00 PM
From: Jerry S.	Read Replies (2) of 56535

Len: 1) I use DLJ as one of my brokers and they only allow stop losses on NYSE or AMEX stocks, no NASDAQ-related 2)In a cash account, you can only buy securities in an amount that would not exceed the cash available in your account at the start of the day, however with DLJ you can pony up any excess amounts before the settlement date (up to $15k, i think). Any sells during the day do not increase your buying power in your cash account, until the funds settle 3 days later. 3)Yes, you can trade in an IRA Hope this helps

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