Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: MaryinRed who wrote (31881)	4/22/1999 12:26:00 AM
From: Nazbuster	Read Replies (1) of 122087

Mary, follow this link for a complete explanation of margin rules with examples. It's complicated and needs more than one reading, but they will hold you to it. nasdr.com I think the overriding philosophy is that you start the day with certain borrowing power. They will credit you with the buy/sells intraday, but not sales of overnight holds, as your buying power was computed from the overnight value. The dollars from your overnight sale are not considered "available" for margin purchases on the day of the sale; only the stated buying power is available. In fact, if you use your full buying power from the day before and hold all purchases overnight, but you have net losing trades and or end-of-day valuations compared to the purchase costs, you'll get a margin call since they view the reduced value of your purchases as an excess expenditure or having overextended your credit.

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