Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Robert V. Cavaleri who wrote (13186)	9/16/1999 2:23:00 AM
From: Francis Ou	Read Replies (2) \| Respond to of 16892

The margin requirement that you cannot use the proceed from the sale of a stock you held overnight to buy the same stock that day is a NASD rule for daytrading accounts. I'm not sure if that applies only to customers at direct-access daytrading firms. Maybe someone can explain this? I like the improvements Datek made. Now if only I don't have to refresh my browser every 15 secs to see if my order has been filled!