SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Harry who wrote (3147)4/29/1999 10:07:00 PM
From: BarbaraT  Read Replies (2) of 108040
 
I was put on restriction with NDB for buying and selling the same stock in a day, and then using the proceeds to buy another stock. They told me that to remove the restriction I had to (a) send them the cash within 3 business days and (b) open up a margin account to avoid future restrictions. However, if the amount spent trading in a given day exceeded the amount of usable *margin* funds, I would again face restriction.

So ... I opened a margin account and thus far, have been okay (don't day trade that often, so haven't run into the problem).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News