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.

Strategies & Market Trends : New Margin requirements -- Ignore unavailable to you. Want to Upgrade?

To: Proton who wrote (14)	3/19/2000 4:55:00 PM
From: H-Man	Read Replies (2) \| Respond to of 20

SWS margin policy is standard practice for margin accounts. If i have 50 k in my account I can buy and sell 100k worth of stock as many times as I like, so long as at any one point time I have not exceeded 100k. (If you do this in a cash account, you may buy 50k worth of stock and sell it same day, but then you are done for the day) Every margin account is like this, (excepting non marginable stocks, which are determined by the broker and or clearing house) There is language in the new proposal that may change this. It is unclear and a satisfactory explaination is not available. However best I can tell under the proposal, you may only be able to buy and sell 4x your account value. In other words, a 50k account could buy 100k of stock 2 times. Then you are finished for the day. Again, the wording in this proposal is unclear, regarding this aspect.